H2 Ventures and KPMG Unveil 2016 Fintech 100

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H2 Ventures and KPMG have released their Fintech 100 roster for 2016. Divided equally between 50 “industry leaders” and 50 “emerging stars,” the roster features 17 Finovate/FinDEVr alums in the first category, and 10 in the second. Calling its roster a “celebration” of the most compelling innovators in this “bold new space,” the H2 Ventures/KPMG 2016 Fintech 100 covers a variety of different shades of fintech:

  • Lending (32 companies)
  • Payments (18 companies)
  • Insurance (12 companies)
  • RegTech (9 companies)
  • Data & analytics (7 companies)
  • Wealth management (6 companies)
  • Blockchain (5 companies)
  • Digital currency (5 companies)
  • Capital markets (3 companies)
  • Crowdfunding (2 companies)
  • Accounting (1 company)

And here is a look at how Finovate/FinDEVr alums fared. Earning recognition among the companies in the Leading 50 group are:

Also noteworthy in the Leading 50 are Ant Financial, which acquired Best of Show-winning EyeVerify in September 2016, and Avant, which acquired Finovate alum ReadyForZero in the spring of 2015.

Additionally, Finovate/FinDEVr alums earning spots in the Fintech 100’s 50 Emerging Stars roster were:

The H2 Ventures/KPMG report includes a geographic breakdown of the 2016 Fintech 100, as well as a set of key takeaways such as increased geographic diversification, the return of lending, the continued ascent of Insurtech, and the appearance of RegTech. The report also notes that China now has four out of the top five companies in the report’s top 10, and eight companies in the top 50. The report says funding for fintech “continues to rise,” and its authors cite more than $14 billion in capital was raised by the Fintech 100 in the past year.

Finovate Alums Earn Spots in FinTech Forward 20 “Companies to Watch”

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Half of the companies in the FinTech Forward 20 “Companies to Watch” list presented by American Banker and BAI this week are Finovate/FinDEVr alums. These 10 companies range from payments innovators and security specialists to alt-lending platforms and mobile banking app builders—the list even includes a pair of alums that have earned multiple Best of Show awards.

“The following 20 companies are the standouts among a pool of companies that nominated themselves and ones familiar to our judges,” American Banker declared in an announcement accompanying a slideshow of the FinTech Forward 20. When evaluating the various companies, judges were encouraged to ask themselves questions such as: “Is this organization solving relevant problems for the banking industry?” and “Does it speak to the challenges the industry faces now.”

Below are the ten Finovate/FinDEVr alums that made the cut. The rest of the FinTechForward 20 is listed below.

  • Currency cloud (FF16)
    • Founded in 2012
    • Headquartered in London, United Kingdom
    • Michael Laven is CEO
    • $35 million raised
  • identitii (FF16)
    • Founded in 2014
    • Headquartered in Sydney, Australia
    • Nick Armstrong is co-founder and CEO
  • BehavioSec (FF15)
    • Founded in 2007
    • Headquartered in Stockholm, Sweden
    • Neil Costigan is CEO
    • More than $8 million raised
    • Two-time Finovate Best of Show winner
  • InSpirAVE (FF16)
    • Headquartered in Pittsburgh, Pennsylvania, and New York City, New York
    • Om Kundu, founder, is CEO and chairman
  • Moven (FF16)
    • Founded in 2011
    • Headquartered in New York City, New York
    • Brett King, founder, is CEO
    • More than $24 million raised
    • Two-time Finovate Best of Show winner

Commenting on its spot on the list, Finovate newcomer InSpirAVE founder and CEO Om Kundu said the recognition was a “testament that our patent-pending technology enables financial institutions partnering with us to set themselves apart.” Kundu said his company’s solutions help FIs “tangibly boost deposits and payments revenues” as well as improve customer engagement and share-in-wallet in enduring ways.

Co-founder and CEO of CUneXus credited his firm’s one-click consumer-lending technology for catching the Fintech Forward judges’ attention. He said banks and credit unions were growing the size of their loan portfolios and “competing with emerging technologies” by adopting CUneXus’ solutions.

Speaking for Alkami Technology, which demoed at Finovate 2009 as iThryv, founder Stephen Bohanon, chief strategy and sales officer, pointed to his company’s flagship Alkami ORB platform and called it an example of the sort of “user experience brought about by great design and tightly coupled integration” that increasingly will set FIs apart. “ORB gives banks and credit unions a competitive advantage by placing strong emphasis on delivering the ultimate digital banking experience,” Bohanon said.

Also on the Fintech Forward 20 Companies to Watch list were:

  • Autobooks
  • Kasisto
  • ClickSWITCH
  • Built
  • BookingBug
  • Lenndo
  • Supipay
  • Self Lender
  • Private Wealth Systems
  • Yantra Financial Technologies

Fintech Forward is a collaboration between American Banker and BAI that combines research, media, and event hosting into a single professional, educational enterprise. In addition to its Fintech Forward 20 “Companies to Watch” list, Fintech Forward also publishes a Top 100 Companies and Top 25 Enterprise rankings.

FinovateEurope Sneak Peek: North Side

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FEU2016_logo_withdateA look at the companies demoing live to 1,500 fintech professionals. Get your tickets to join us in London!

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North Side enables people to access financial services, make transactions, and get help in context through speech or typing. Through dialogue, we clarify ambiguities and incomplete information.

Features:

  • Hands-off banking, as you drive or ride your bike
  • Personalized contextual help in the authenticated environment
  • Customers discover needed products and services through dialogue

Why it’s great
Banking through speech or typing is easy, natural, intuitive, and will be the next big thing.

Presenters

This is #1 !Eugene Joseph, CEO
Joseph developed intuitive person-computer interfaces for 30 years. He is Natural Language Understanding tech at North Side and data-driven, interactive graphics at Virtual Prototypes (now Presagis)
LinkedIn

 

Christian Hogan Lemieux, Technology Evangelist
With a strong background in linguistics, Lemieux works on various facets of the North Side NLU pipeline and semantic databases, and occasionally presents them publicly.
(not pictured)

North Side Launches VerbalAccess to Bring Natural Language Technology to Online Banking

NorthSide_FF2015This post is part of our live coverage of FinovateFall 2015.

Next up is the team from North Side.

VerbalAccess enables online banking through speech or typing, and goes beyond single commands or questions, supporting conversations and enabling customers to clarify their intent. Verbal Access is like a telephone banker, investment advisor, or claims processing specialist rolled into one, accessible any time, from anywhere. The customer’s ability to use their own words to ask questions, or say what they want is the key to discovering and using the full functionality of financial applications, increasing customer satisfaction. The customer knowledge gleaned from individual conversations enables your institution to personalize the services it offers, and sell individual customers the products they need.

Presenters: North Side CEO Eugene Joseph and Christian Lemieux, technology evangelist

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Product Launch: September 2015
Metrics: Privately owned, 7 employees, invested $20M+ in proprietary Natural Language Understanding technology.
Product distribution strategy: Direct to Business (B2B); through financial institutions; through other fintech companies and platforms; licensed.

HQ: Montreal, Quebec, Canada
Founded: Natural Language R&D since 2001; Fintech since June 2014
Website: northsideinc.com

 

FinovateFall Sneak Peek: North Side

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The Sneak Peek series looks at the innovators demoing live on stage at FinovateFall 2015. Pick up your tickets to our annual autumn conference here, and we’ll see you in New York!

NorthSide_logoNorth Side enables customers to use their own words (speech or typing) to access your applications and information. Customers can clarify their intent naturally, using conversation.

Features:

  • Customers get precise, cost-effective, self-help online
  • Mobile and web transactions transacted through speech or typing
  • Know your customers better and sell them what they need.

Why it’s great

VerbalAccess enables customers to access your products and services conversationally, get precise answers to questions, and conduct transactions easily, using their own words.

Presenters

This is #1 !Eugene Joseph, CEO
Joseph has developed intuitive person-computer interfaces for the last 30 years: Natural Language Understanding tech at North Side and interactive dynamics graphics software at Virtual Prototypes.
LinkedIn

 

Christian Lemieux, Technology Evangelist
With a strong background in linguistics, Lemieux works on various facets of the North Side NLU pipeline and semantic databases, and occasionally presents them publicly.