Finovate Alumni News


  • BankBazaar Receives $30 Million in Funding Round Led by Experian.
  • Feedzai Secures $50 Million in New Funding.
  • BlueVine Lands $130 Million in Debt Financing.
  • Sensibill Brings Receipt Management to Royal Bank of Scotland’s Business Banking Customers.

Around the web

  • Entersekt hires Sherif Samy as SVP for North American operations.
  • Visa and Billtrust team up to streamline B2B payment reconciliation and support automation of virtual card payments.
  • PayPal announces Vemno is now payment option at more than two million U.S. retailers.
  • Narrative Science wins Microsoft Office 2017 App Award for Best Business Value.
  • TransCard partners with ExpenseAnywhere to Deliver Automated Payment Process Management Solutions.

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.

Finovate Debuts: ICAR Builds a Digital Identify Profile for Client ID Verification

Finovate Debuts: ICAR Builds a Digital Identify Profile for Client ID Verification

Screen Shot 2017-03-09 at 2.50.18 PM

Based in Barcelona, Spain, ICAR launched in 2002 as a spin-off of the Computer Vision Center at the University of Barcelona. Since then, the company has matured; it now offers five solutions across mobile, web, and desktop to help large financial institutions combat onboarding fraud.

At FinovateEurope last month, the company showed off its mobile onboarding solution, ID_Mobile, that leverages biometric technology combined with the social network and geolocation of the user. These additional factors verify that the user matches their identity document and builds their digital identity profile in the background.

At FinovateEurope last month, The company’s CEO Xavier Codó began his demo saying, “We provide a fully automatic solution which validates identity, but also helps you build your customer digital identity profile.” Codó continued, “We focus on three main market needs: user experience, fraud prevention and how to connect digital identity to physical identity.”

Company facts

  • 30 employees
  • Over 20 million online ID validations every year
  • Turnover increase of 20% every year
  • Blog with 5,000 readers per month


Above: Xavier Codó (CEO) and Mariona Campmany (CMO) debut ICAR’s ID_Mobile at FinovateEurope 2017 in London

Screen Shot 2017-03-10 at 9.53.11 AMWe chatted with ICAR’s Chief Marketing Officer, Mariona Campmany (pictured), at FinovateEurope last month about the history of the company and its path to launching ID_Mobile. We followed up with the below interview questions via email.

Finovate: What problem does ICAR solve?

Campmany: ICAR offers online and e-business solutions for the correct customer identification in order to prevent identity fraud and reduce operating costs, while providing a good user experience. We aim to bring the new generation of identity verification systems to the market, introducing a cloud system to automatically verify the authenticity of identity documents and customer identity in less than 20 seconds.

Finovate: Who are your primary customers?

Campmany: ICAR has been positioning in the market as the leading company in identity validation. Our entrance into the financial and telecommunication sectors allowed us to land top clients such as BBVA, GSMA, CaixaBank, and Telefonica.

Finovate: How does ICAR solve the problem better?

Campmany: Our solution takes a vital technological lead in prevention of identity fraud, ending the bottleneck of limited numbers of desktop scanning devices, avoiding negative customer experiences waiting for ID validation and opening new models of on-the-spot customer capture. We found that other processes depend on a manual double-check, and one “click away” is not possible. Our solution is based on our own fully-automatic technology which validates customer identity and incorporates the necessary features to be the best, easiest-to-use, online ID-verification tool.


Finovate: Tell us about your favorite implementation of your solution.

Campmany: We offer a solution for customer onboarding validation that also helps build the digital identity profile of the user. We make sure that it is a real user at the time of onboarding by validating the identity document, doing a biometric comparison of the photo in ID against the customer’s selfie, doing a liveness test (biometric), analyzing the geolocalization and mobile security, and checking dynamic information like the customer’s email, phone number, and social networks.

Finovate: What in your background gave you the confidence to tackle this challenge?

Campmany: Services for validating customer identity have been available for several years; we have carried out several projects. Among them include working with IKEA to introduce a mobile solution for agents at the kitchen section so the customers can finance the purchase at the time they choose the product, saving time waiting at the financing stand, and integrating with Nationale Nederlanden to read and authenticate the ID document from a tablet or mobile into an application that undertakes the whole process of selling insurance.

Finovate: What are some upcoming initiatives from ICAR that we can look forward to over the next few months?

Campmany: We will keep focus in three main market needs:

  • User experience, because we never get a second chance to make a good first impression, and if it is not easy to use, they’ll go somewhere else.
  • Fraud prevention, critical for the bank.
  • And the third one was a question we asked ourselves: “How do we connect the digital identity to the physical identity?”

Screen Shot 2017-03-10 at 3.43.33 PM

Finovate: Where do you see ICAR a year or two from now?

Campmany: It’s not a secret that we live in a digital world. And with this reality comes the increasingly complex task of matching a person’s digital identity to their physical world. Moreover, nowadays, every agreement, every process, every new product or service acquisition has a digital record that must be identified and validated.

Offering an omnichannel identity verification platform is critical for the users and the entities. We want to improve the customer user experience and at the same time work with entities in order to offer a secure process, and increase customer acquisition. Digital identities are a fundamental requirement of our new world. But it is not a simple process; we need innovation to make it happen. We are part of this innovation.

Xavier Codó (CEO) and Mariona Campmany (CMO) debuting ICAR’s IDMobile at FinovateEurope 2017 in London:


Finovate Alumni News



  • Finovate Debuts: ICAR Builds a Digital Identify Profile for Client ID Verification.
  • Spring Forward: FinovateSpring 2016 Alums Top $200 Million in Funding.
  • How Virtual Reality, Big Data, and the Blockchain Are Changing Proptech.

Around the web

  • eWise partners with TSWG to drive digital banking innovation.
  • OutsideIQ partners with SAP Ariba to help corporations quickly screen vendors for risk and regulatory compliance.
  • Featurespace to provide machine learning fraud and risk management solution to CashFlows.
  • Financial Times: Misys close to deal to combine with rival DH Corp.
  • National Bank of Abu Dhabi (NBAD) Egypt launches internet banking courtesy of CR2’s BankWorld Internet platform.
  • FinDEVr alum Capital One joins the chatbot revolution with its new SMS virtual assistant, Eno.

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.

Women on the Finovate Stage

Women on the Finovate Stage


There are plenty of things about fintech worth celebrating, but today, in honor of International Women’s Day, we’re giving three cheers to the women in fintech!

We’re taking a special look at our most recent show, FinovateEurope, where 23% of the presenting companies were represented by a woman on stage. That’s a 50% increase from 2015, where 15% of the companies had female speakers, and a huge leap from our first event in 2007 with zero (see note 1).

So here’s to progress. And here’s to the women of FinovateEurope:




Hali Khan, Director, Business Development

FinovateEurope 2017 demo



Paulina Powązka, Sr. Business Solutions Consultant

FinovateEurope 2017 demo




Eszter Vass, Sr. Product Strategy & Presales Consultant

FinovateEurope 2017 demo




Reanta Stein, Business Development Director

FinovateEurope 2017 demo




Diana Winstanley, Business Developer

FinovateEurope 2017 demo




Tinna Hung, Director, Marketing

FinovateEurope 2017 demo




Angelique Mohring, CEO & Founder

FinovateEurope 2017 demo




Janice Diner, CEO, Founding Partner

FinovateEurope 2017 demo




Mariona Campmany, CMO

FinovateEurope 2017 demo




Patricia Soares, Business Developer

FinovateEurope 2017 demo




Sarah Clark, General Manager, Identity

FinovateEurope 2017 demo




Trisha Price, EVP, Product Development & Engineering

FinovateEurope 2017 demo




Iveta Brūvele, CEO, and Elīna Rasmane, COO

FinovateEurope 2017 demo




Märta Viberg, Head of Product & Consumer Risk

FinovateEurope 2017 demo




Michelle Pearce, Co-Founder and Chief Investment Officer

FinovateEurope 2017 demo




Vanessa Gatihi, Global Head, Customer Success

FinovateEurope 2017 demo




Editor’s Note: While sadly it’s true that no women were on stage during the 20 demos of the first Finovate. One company, iPay Technologies, was founded by Dana Bowers, but she chose not to speak that day. And Finovate might not even exist if it wasn’t for Melanie Flanagan, then Marketing Manager at Yodlee (also co-founded by a woman), who was the first person to agree to demo. Finally, Susan Hawkins, then SVP at Metavante, was instrumental in getting both her company and Monitise on stage. So there you have it, woman called the shots for at least 20% of Finovate v1.0’s content, even if they ended up delegating the on-stage pitching to men. Thanks Melanie, Dana and Susan! — Jim Bruene, Founder

FinovateEurope Sneak Peek: ICAR

FinovateEurope Sneak Peek: ICAR


FE2017-V2-wdateA look at the companies demoing live at FinovateEurope on the 7 and 8 of February 2017 in London. Pick up your tickets today and save your spot.

With more than 20 million ID validations per year, ICAR is based on fully-automatic technology which validates customer identity and incorporates the necessary features to be the best, easiest-to-use tool.


  • Omni-channel and immediate: ICAR makes sure that it is a real user at the time of onboarding
  • Liveness test and biometric technology to prevent ID fraud
  • Big Data analysis for a Digital Me check.

Why it’s great
ICAR’s online automatic solution processes and authenticates the customer ID in less than 20 seconds. ICAR not only verifies the identity document, but builds the Digital Identity Profile, also.


Xavier Codó, CEO
Codó has more than 15 years of experience in the information technology and software sectors. Today, he leads the ICAR team with the vision of offering market solutions of high technology value.


ICAR_MarionaCampmanyMariona Campmany, CMO
Campmany has extensive experience in the digital transformation of markets across multiple domains including corporate and commercial strategy, customer-orientation and product development.

Finovate Alumni News


  • Finovate Debuts: Helping Banks Turn Data into Insights with Liferay DXP

Around the web

  • WISeKey and Stratumn partner to provide enterprise-grade process security software based on blockchain technologies.
  • TipRanks unveils new feature for its Smart Portfolio platform to follow the elite investors and compare their portfolio to the top 10% of TipRanks portfolios.
  • EVO Payments acquires Sterling Payment Technologies.
  • BBVA Compass reups payments agreement with TSYS.

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.