Finovate Debuts: NopSec

Finovate Debuts is a blog series to introduce companies who demonstrated for the first time on the Finovate stage. Today’s feature is NopSec, which demonstrated its Unified VRM system at FinovateFall 2014.


NopSec is focused on making the digital world a safer place. For banks, this means getting a handle on cyber security. If you’re a bank with 60,000 hosts under management, with thousands of security vulnerabilities, you have two major issues. First, you need to identify the vulnerabilities, and second, you need to know how to fix them.
With so much much information to sort through to determine and prioritize what needs to be fixed, this can be time consuming. This is where NopSec comes in. Its SaaS-based Unified VRM provides a solution for IT professionals to manage security threats. Using Big Data, it generates a prioritized list of what security issues need to be addressed, and how to address them.

The stats
    • Founded in 2009
    • Headquartered in New York
    • Works with infrastructure both on premises and in the cloud
The experience

The NopSec Unified VRM system helps bank security experts sort through the massive amount of data about security threats, and suggests actions to protect against the threats. Its holistic approach on security can be broken down into four steps:

    1. Identify threats
    2. Explore details
    3. Discover solutions
    4. Create reports 

Step 1: Identify threats

The first step is to identify specific vulnerabilities. The dashboard below provides an overall picture of security risk and vulnerability that is easily digestible for everyone from the technical security professional to the CIO. It is divided into modules that correspond to different threats– external and internal.
Step 2: Explore details
Security analysts can drill down further into vulnerabilities by searching and filtering. The case below shows results filtered by “Top Exploited.”  Other filters, listed on the left-hand side in the graphic below, include criteria for geographic location, available patches, top trends, etc.
Once experts find the individual threats that interest them, they can view a summary description of each case. The graphs along the top provide an overall view of the risk factor, operating system, and location of each threat that matches the search criteria.
Step 3: Discover solutions
Identifying and understanding the security threats is only part of the equation. The crucial piece is solving the vulnerabilities. To do this, Unified VRM prioritizes the most dangerous and relevant threats by ranking them by importance.
Remediation recommendations are listed next to each vulnerability, along with the number of assets it affects. In the example below, the Microsoft Remote Desktop Protocol Remote Code Execution Vulnerabilities affect 134 assets, so it is ranked as the number one issue to fix. Dividing the bank’s security into manageable pieces helps security professionals know what to focus on.
In addition to simply advising remediation, the platform has a social aspect that allows for team collaboration. Users just select others they would like to involve in the conversation, and everyone has the ability to comment on the solution.
Step 4: Communicate via reports

To communicate issues and progress with everyone from executives to other technical experts, NopSec provides a reporting tool. It offers four options that tailor the information in the report to the appropriate level for different intended audiences:

    • Executive, for a high level status view
    • Technical, for a more detailed view with technical specifications
    • Full, for a complete view
    • Customized, for an overview mixed with details 
Benefit to banks
The largest benefit NopSec brings to banks is the ability to proactively secure their systems. By identifying and prioritizing major security threats that affect hundreds of assets, banks’ technical teams can spend more time solving those issues, and less time searching for the issues.
Additionally, the Unified VRM system takes the institution’s security a step above what government regulations require, since they are often times too generic and not applicable to every environment.

FinovateFall 2014 Sets New Attendance Record of 1,500 (Plus One Drone)

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With all the excitement of FinDEVr’s successful inaugural event last week, it’s all the more gratifying to remember that FinDEVr followed what was the biggest Finovate conference to date.

FinovateFall 2014 attendance was nearly 1,500, up 30% over last year. It also featured a number of other interesting milestones and famous firsts such as:

  • Most Devices Used in a Single Demo – 12 (MX/Money Desktop)
  • First Deployment of Drone Technology (Toopher)
  • Most “Time’s Up” Bells Rung (since 2011)
There are many ways to enjoy Finovate conferences. And for those who weren’t able to be in New York for the show in person (and for many who were), the Finovate Twitter feed at #Finovate is often the next best thing to being there.
See for yourself! And don’t forget to check out the full slate of demo videos from FinovateFall 2014 now up in our “Watch Demos” video section.
BradleyLeimer_BoSThanks again to all those who presented, sponsored, and/or attended FinovateFall 2014. We’ll see you next year!

FinovateFall 2014 Demo Videos Are Ready for Your Viewing Pleasure

If you were stuck in the office, scanning the Twitter feed while your colleagues attended FinovateFall a couple of weeks ago, we have good news! You can watch all of the action, as recorded live from the stage, in the FinovateFall demo videos we’ve released today.


The 70 presenting companies showed off their newest technology, much of which is the result of years of hard work, in front of the record-breaking crowd of 1500 people.

To get started, feel free to watch the Best of Show winners:





MX (formerly MoneyDesktop)



Also, don’t forget to check out our Flickr feed that showcases photos from the demos, networking, and everything in between.

FinovateFall 2014 in the Press


After FinovateFall late last month, we’ve been monitoring the press and have seen some great coverage.

While the record-breaking crowd travelled back to their offices, the journalists and industry analysts were heads down at their computers, covering the recently unveiled product launches and new technology. Thanks to everyone who covered this event!

We’ll be updating this post as additional press coverage rolls in over the next few weeks.

Here is the press coverage:

ABA Banking Journal 
Developers set strong presence at FinovateFall
by John Ginovsky
Finovate, the place to get noticed
by John Ginovsky
FinovateFall’s “Best in Show” selections
by John Ginovsky
Fintech future featured at NY event
by John Ginovsky
Investing, PFM innovations predominate FinovateFall
by John Ginovsky
New payment solutions debut at Finovate
by John Ginovsky
Security solutions locked in at FinovateFall

by John Ginovsky


Aite Group
FinovateFall Recap: New Digital Advisors Make Their Debut 
by Sophie Louvel Schmitt

American Banker
Four Standout Startups at Finovate Day 2
by Penny Crosman
The Seven Strongest Tech Ideas from Finovate, Day One
by Penny Crosman
Bank Innovation
12 High-Flying Demos from Day 2 of Finovate Fall 2014
by Philip Ryan

Recap of FinTech Week in New York
by JP Nicols

Ten Winning Demos from Day 1 of Finovate Fall 2014
by Philip Ryan
Bank Systems & Technology
Behavior Biometrics a Popular Defense Against Cyberthreats
by Becca Lipman
Finovate Presenters Deliver on Omnichannel Banking
by Jonathan Camhi
How Will Consumers Pay in the Future? Any Way They Want
by Jonathan Camhi
Must. Kill. Passwords.
by Jonathan Camhi
Barlow Reserach Associates 
Innovation Is Booming
by Donna Arce

Robo-Advisors Multiply
by Mike Hogan
Beyond the Arc
Financial services innovation: live from Finovate Fall 2014
by Steven Ramirez
Financial technology innovation – Finovate Fall 2014
by Steven Ramirez
Finovate 2014 – the final chapter
by Steven Ramirez
Finovate Day 2 continues from New York
by Steven Ramirez
Fintech Innovation – Live Blog from Finovate
by Steven Ramirez
Innovation in financial services – Finovate Day 2
by Steven Ramirez
Our video blog with an overview of Finovate Fall 2014
by Stev
en Ramirez
Technology and innovation for banks – Finovate Day 1 continues
by Steven Ramirez
Video interview with Finovate founder Jim Bruene on financial innovation 
by Steven Ramirez
Video recap: financial services technology and innovation from Finovate
by Steven Ramirez
Fintech and the Democratization of Investments
by Will Trout

Five ways to get help with your 401(k)
by Beth Pinsker
How to invest like a billionaire
by Nikhil Hutheesing
New free tool may help you deal with debt collectors
by Tobie Stanger
One way to make money with a stash of cash
by Nikhil Hutheesing
CU Times
Credit Union Finovate NYC Favorites: Onsite Coverage
by Robert McGarvey
Finovate’s Day of More: Onsite Reporting
by Robert McGarvey
Finovate NYC Draws Record Crowd: Onsite Reporting
by Robert McGarvey

Financial Services Club Blog
There is no next big thing … get over it #finovatefall
by Chris Skinner
Geezeo unveils white label biz financial management tool
Malauzai bids to bring mobile app experiences to the desktop
Matchi opens global fintech challenge
Top Image Systems launches Google Glass app
Yodlee launches custom API for FIs
Fox Business
One way to make money with a stash of cash
by Nikhil Hutheesing
Too Nice To Fail: Can Moral Finance Save Your Bank?
by Dan Simon
6 New Apps And Sites To Manage Your Money
by Richard Eisenberg
Finovate Fall 2014 highlights, Advicent Solutions acquires Figlo, and tour the Office of the Future
by Bill Winterberg
FT Adviser
Regional Box
by Simoney Kyriakou
More money, more startups: Once-closed financial industry makes a place for independent entrepreneurs
by Jeff John Roberts
HedgeCoVest Demonstrates New Platform At Finovate New York
Alex Akesson

Kansas City Business Journal
‘Hometown Kansas boys’ Blooom wins best in show at Finovate
by Bobby Burch
OP startup Blooom pitches green thumb for 401(k) management
by Bobby Burch
VC opportunities already begin to bloom for startup
by Bobby Burch

FinovateFall 2014 Day 1
by George Peabody
FinovateFall 2014 Day 2
by George Peabody

Retirement Income Journal
A New Robo-Advisor Eyes the 401(k) Space
by Kerry Pechter 

With Karrot, Kabbage Digs Into Lending Club’s And Prosper’s Consumer Loans Business
by Ingrid Lunden

The Huffington Post UK
The Path of Financial Innovation
by John Davis
Thinking Bigger
OP’s Blooom Wins ‘Best in Show’ at Finovate Conference
by James Hart
5 Ways to Get Help With Your 401(k)
by Beth Pinsker
Jewish Business News
Biocatch Opens Art Of Fraud Exhibit Online
by Gil Tanenbaum
Recap of FinTech Week in New York
by JP Nicols

Kansas City Star Technology
Overland Park financial tech firm Blooom wins big in New York
by Steve Rosen
Holly Mackay: Seven wonders of the fin tech world
by Holly Mackay
Ian McKenna in the US: Digital advice goes mainstream
by Ian Mckenna
Ian McKenna in the US (Pt. 2): What we can learn from the States
by Ian Mckenna
How All 7 of This Year’s FinovateFall Best of Show Winners Hit the Mark with Innovation and Utility
by Jon Ogden
Next Avenue 
6 New Apps and Sites to Manage Your Money
by Richard Eisenberg
Silicon Prairie News
Kansas City’s blooom takes home Best of Show at Finovate in NYC
by Megan Bannister
St. Louis Business Journal 
PayPal moving toward Bitcoin: TechFlash 7 things
by Brian Feldt
University of Tennessee Daily Beacon
Opinion: Control your capital, conveniently
by Jonathan Martin
Upstart Business Journal
Canadian startup Financeit expands into U.S. market to help merchants give consumer loans
by J Jennings Moss
It’s high school all over again: Bitcoin punks won’t play with the cool kids
by Michael del Castillo
Startup Blooom pitches green thumb for 401(k) management at Finovate
by Bobby Burch
Wall Street & Technology
Behavior Biometrics a Popular Defense Against Cyberthreats
by Becca Lipman
The Emergence of Virtual Financial Planners
by Adam Honoré
Modernizing Voice Bond Trading
by Adam Honoré
William Mills Agency Blog
Live Blog at FinovateFall 2014: Day 1
by William Mills III and Steven Ramirez
Live Blog at FinovateFall 2014: Day 2
by William Mills III and Steven Ramirez
FinovateFall Video Interview: Jim Bruene, Owner of The Finovate Group
by Steven Ramirez
FinovateFall Video Interview: Jonathan Rowe, CMO of nCino
by Steven Ramirez
Video Recap: FinovateFall 2014 Day 1 Morning
by William Mills III and Steven Ramirez
Video Recap: FinovateFall 2014 Day 1 Afternoon
by William Mills III and Steven Ramirez
Video Recap: FinovateFall 2014 Day 2 Morning
by William Mills III and Steven Ramirez

Did we miss anything? Please send a link to the FinovateFall coverage to and we’ll incl
ude it.

FinDEVr 2014: Bluefin’s Point-to-Point Encryption Reduces PCI Compliance Headaches

This post is part of our live coverage of FinDEVr San Francisco 2014.

Bluefin Payment Systems showed how its Point-to-Point Encryption Solution helps PCI compliance issues:

Bluefin, Point-to-Point Encryption (P2PE)

Bluefin is the first validated Point-to-Point Encryption (P2PE) Solution listed by the PCI Security Standards Council, North America. P2PE can reduce the scope of card data environment and related PCI requirements. Your software doesn’t need to be PCI Compliant if card data is encrypted using P2PE.
Presenters: Ruston Miles, Chief of Product Innovation and Tim Barnett, Chief of Technology
About: Bluefin Payment Systems is a leading FinTech company focused on processing, integrating, and securing payments. Bluefin offers P2PE, tokenization, mobile payment SDK’s, payment gateways, merchant accounts, PCI Compliance, transparent redirect, recurring billing, and branded online merchant account enrollment.
Twitter: @BluefinPayments

FinovateFall 2014 Best of Show Winners


After a busy two days at FinovateFall packed with people, some of the most innovative new technology we’ve seen, and some rather entertaining demos, the audience has spoken. 

A huge thanks to everyone who came out to be a part of our record breaking audience and cast their votes. Each attendee was able to vote for their top three favorite company demos both days, and the top seven were crowned Best of Show winners.
Here they are in alphabetical order:


AnchorID for its new way to log into websites and apps. One universal username logs you in with unique security.


blooom for its simple tool built to fix the millions of mis-invested 401(k) allocations for individual clients.


CrowdFlower for its leading data enrichment platform to help data scientists, analysts, and engineers collect, clean, and label data to make it useful.


Loyal3 for its use of social technologies to democratize the markets, making investing in IPOs and stocks easy and affordable for everyone.



MX/MoneyDesktop for its WideNet Technology to help FIs expand their market reach, and its Helios cross-platform digital banking app.


NICE Systems for its real-time authentication that strengthens and streamlines the authentication process in real-time, while customers converse with an agent.


Toopher for its multi-factor authentication platform that uses the location awareness of your smartphone to automate authentication for logins and critical actions.

Again, thanks to everyone who came out to the show. We’ll see you next year!

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 seven 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. 

EyeLock Launches USB-Powered Biometric Authentication Device


This post is part of our live coverage of FinovateFall 2014.

EyeLock launched biometric authentication solution, myris:
“Never type a password again– myris is a USB powered Iris Identity Authenticator that grants you access to your digital world. 
myris uses patented technology to convert your individual iris characteristics to a code unique only to you, then matches your encrypted code to grant access to your PCs, e-commerce sites, applications, and data – all in less than 1 second.”
Presenting: Anthony Antolino, Chief Marketing & Business Development Officer, and Jeff Carter, CTO
Product Launch: September 2014
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through other fintech companies and platforms
HQ: New York, NY
Founded: January 2006
Twitter: @EyeLockCorp

Backbase Launches Backbase Engage for Regional Banks and Credit Unions, Backbase Marketplace to Connect with Vendors

This post is part of our live coverage of FinovateFall 2014.


Backbase showed how Backbase Engage can help smaller financial institutions take control of their digital strategy, and how Backbase Marketplace can connect them with vendors:
“Backbase is launching Backbase Engage. Backbase Engage is a complete digital banking solution that’s out-of-the-box ready and designed to meet the needs of regional banks and credit unions. With Backbase Engage, banks regain control over their digital strategy. Backbase Engage’s easily extensible structure revolutionizes the traditional digital bank delivery model by empowering banks to make their own strategic choices instead of being locked in to those made by core banking vendors. 
Alongside Backbase Engage, Backbase is launching the Backbase Marketplace, an open marketplace for banks to connect with vendors who have come together to offer freedom of choice to banks and credit unions looking to regain control over their digital strategy.”

Presenting: Peter Chapman, Fintech Strategist and Jelmer de Jong, Global Head of Marketing

Product Launch: September 2014
Metrics: Privately funded, 200+ employees, offices in New York, Atlanta, Amsterdam, London,
Product distribution strategy: Through financial institutions, licensed
HQ: New York, NY
Founded: April 2013
Twitter: @backbase

e-SignLive by Silanis Turns Mobile Devices into Signature Capture Solutions


This post is part of our live coverage of FinovateFall 2014.

The team from Silanis is making its way to the stage right now. Silanis will demoing its electronic signature platform, e-SignLive

The e-SignLive Use Your Own Device (UYOD) capability solves a fundamental problem in financial services and banking: how to capture a customer’s handwritten signature electronically, without asking the customer to come into the branch. This innovation enables the customer’s smartphone or tablet to be used as a signature- capture device. It does not require an app or any in-branch hardware. Banks can now make remote customer on-boarding convenient and secure with any smartphone.
Presenting: Tommy Petrogiannis (CEO & Co-Founder) & TJ Witte (Sr. Technical Consultant)
Product Launch: September 2014
Metrics: e-SignLive by Silanis processes over 600M transactions annually and is used by 8 of the top 20 North American banks. With over half of our customers in banking and lending, e-SignLive has the largest share of the e-signature market in these industries. Outstanding customer service is part of our DNA. Silanis was named 2014 and 2013 Leader in Customer Satisfaction by enterprise software review site G2 Crowd. In 2013, Silanis was awarded the IBM Beacon Award for Best Industry Solution for Banking.
Product distribution strategy: Direct to Business (B2B), via fintech companies and platforms
HQ: Montreal, Quebec, Canada
Founded: March 1992
Twitter: @SilanisTech

Linqto Launches Personal Banker to Connect Customers with Tellers

This post is part of our live coverage of FinovateFall 2014.

Linqto debuted Personal Banker, a remote banking solution that connects customers with live tellers:

“Linqto Personal Banker introduces real time face-to-face conversations into banking transactions, connecting live, on-duty bank representatives with their customers. 
Linqto uses mobile technology to put the relationship back into personal banking. With live video tellers, your mobile device becomes your neighborhood branch. The customer experiences personal service with remote convenience.
Your bank employees are your most important asset. Give them the power to build stronger relationships with your digital customers using Linqto’s Personal Banker remote banking solution.”
Presenting: Dune Thomas, VP Mobile Banking Solutions and Bill Sarris, CEO
Product Launch: September 2014
Product distribution strategy: Through financial institutions, through other fintech companies and platforms, licensed

HQ: Pebble Beach, CA
Founded: January 2010

MoneyStream’s Technology Predicts and Plans Users’ Cash Flow

This post is part of our live coverage of FinovateFall 2014.

MoneyStream debuted its technology that learns and predicts a user’s spending pattern:

“MoneyStream sits in between other financial institutions, consolidators, and aggregators, using patent pending technology to manage the complex network of money and creating a direct relationship with the consumer. 
In addition, MoneyStream’s smart technology uses learning algorithms to detect and predict a user’s spending patterns and do a significant part of the user setup for them, just as a trusted personal financial assistant would do. The free service lets users view and pay bills, detects upcoming money issues, and provides visibility to a future cash flow, with little or no effort on the user’s part.”
Presenting: Mike Bertrand, CEO and Gillian Verga, VP Product
Product Launch: October 2013
Product distribution strategy: Direct to Consumer (B2C), B2B2C Partners
HQ: Los Gatos, CA
Founded: September 2012
Twitter: @MoneyStreamApp

LOYAL3 Launches App for iOS 8 for an Easy Way to Buy and Sell Stock

This post is part of our live coverage of FinovateFall 2014.

LOYAL3 launched its mobile app:

“The LOYAL3 iOS 8 Mobile App is the easiest way to buy or sell stock, with as little as $10 and no fees. LOYAL3’s app also allows users to quickly access account information, transaction history, fund transfers, and important notifications. For those participating in IPOs, the app makes it easy to view the status of the IPO, receive notifications about IPO pricing and allocation, and confirm or withdraw their IPO reservations right from their iPhone.”
Presenting: Barry Schneider, CEO & Chairman and Matt Gidney, VP Corporate Marketing & Business Development
Product Launch: September 2014 at FinovateFall 
Metrics: LOYAL3 has raised more than $75M in funding and has 130 employees.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
HQ: San Francisco, CA
Founded: October 2008
Twitter: @LOYAL3