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Right now, over three dozen leading fintech companies, both hot young startups and established players, are gearing up to demo their latest innovations at the second annual FinovateEurope next February 7th in London.
To whet your appetite, we asked each handpicked company to provide a sneak peek of what it will be demoing on stage. Below is the first installment. We’ll have another installment next week.
Don’t miss your chance to see fast-paced demos of the newest ideas from each company and meet the execs responsible for the cutting-edge of innovation in financial and banking technology. Plus get your FinovateEurope ticket before December 23rd and you’ll lock in the early-bird price!
Source: Compete.com retrieved the week of October 26, 2011
The FinTech 100, a list of the top revenue-grossing fintech firms, was announced Wednesday at BAI Retail Delivery.
I look at lot of mobile banking apps. But there are several thousand in the U.S. alone, so I’m not going to claim that I know which one is “best” or even who should be in the top-100.
But I will say, of the mobile banking apps I’m familiar with, ANZ Bank’s is right up at the top. Kudos to the bank and Fiserv’s M-Com unit that helped with development.
Why is it so good? It’s full featured, of course. But it’s the first banking app that feels like it runs WITHIN the iPhone instead of being bolted on. It’s almost like what Apple would have done if it was building a banking app right into the operating system (notes 1, 2, 3).
I especially like how the person-to-person payments function integrates with iPhone Contacts. And how iPhone’s photo gallery can be used throughout the app to illustrate goals and payees with your pictures (click on inset above for a better view) and to store bill payment-receipts (see screenshot below).
But never mind what I think, look at actual customer usage. According to a July 15 investor presentation, in the year since it was released, the ANZ goMoney already accounts for 26% of the bank’s total online traffic. If ANZ mobile can continue that pace for another 12 months, it will surpass regular PC-based online traffic by this time next year.
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ANZ goMoney demo video is definitely worth two minutes of your time
Note: Clickthrough below to ANZ website and play the video (the version on YouTube is the older version of the app)
Notes:
1. Hyperbole alert. It’s Friday afternoon, so I may be getting a bit carried away. But I stand by the opinion.
2. I don’t have an ANZ account, so I’m basing my observations on the superb demo video, complete with Apple-esque soundtrack (see screenshot above).
On Tuesday, Wisconsin-based Fiserv introduced Mobiliti, a mobile banking, alerting, and payments suite. This new platform supports a wide array of mobile banking functionality that includes remote deposit capture, bill payment, balance inquiry, and more.
“Mobiliti unites the functionality of Mobile Money from Fiserv and BankAnywhere from the recently acquired M-Com within a single product suite, and will replace both of those product brands. Mobiliti is available in multiple distinct versions tailored for use by financial institutions of varying sizes within both the United States and international markets.”
Considering the current environment, the release of this product is well-planned:
“Of nearly 2,000 clients polled during the Fiserv Focus client conference in April 2011, more than 74% indicated that they planned to increase their investments in mobile financial services during the next 12 months.”
To learn more about Fiserv, watch its FinovateFall 2010 demo.
Each month we survey the Web-traffic performance of our alums, using data from Web-analytics company Compete to review the sites they operate.
Out of 255 alumni, 62 (24%) had more than 10,000 unique U.S. visitors in May 2011 (see tables below). Of the 62 reviewed, 25 (40%) had fewer visitors than in the previous month and 28 (45%) saw a decline year-over-year.
Private Companies
The 44 private companies are as follows:
Notable successes:
Private Finovate Alumni With More Than 10,000 Unique Visitors in May 2011
Source: Compete.com retrieved June 29, 2011
Public Companies
The 18 public companies are as follows:
Notable successes:
Public Finovate Alumni With More Than 10,000 Unique Visitors in May 2011
Source: Compete.com retrieved June 29, 2011
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Notes:
1. We reviewed 255 unique sites. Data was unavailable or irrelevant for 201 sites because:
2. Numbers have been rounded to three significant digits.
3. The charts include companies that did not have measurable traffic in May 2011, indicated by “N/A.”
4. Compete draws its information from the online activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic, and may undercount at-work usage.