FinovateSpring 2014 Best of Show Winners

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Our record-breaking audience has spent a hot two days in San Jose watching 68 demos covering the best in fintech.

After watching the 68 demoing companies show off their newest innovations on stage in front of the sold-out auditorium, the crowd voted for their three favorite demos at the end of each day. The eight companies with the highest number of votes were crowned winners.

Here they are in alphabetical order:

Thumbnail image for EyeVerifyLogo.jpgEyeVerify, for its Eyeprint Verification technology that enables mobile biometric authentication

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Loop, for its smart mobile wallet system accepted at virtually every retail POS terminal without making changes to the existing POS system

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Interactions, for its voice-activated, self-service solution for mobile and phone interactions 

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Motif Investing, for its Advisor Platform that streamlines the way advisors build, monitor, and rebalance investment portfolios
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Ondot Systems, for its CardControl technology that allows users to remotely control their credit and debit cards via their smartphone

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PrivatBank, for topless, contactless smartphone-enabled Android ATM technology

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SaveUp, for its Gen Y/Millennial-oriented solution that combines gamification with personal finance

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Stockpile, for their “give the gift of stock” solution that helps people invest in the brands they love  

As always, thanks for your continued support. See you next year at FinovateSpring 2015!
All of the demo videos will be available on Finovate.com in two weeks.

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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. 

PrivatBank Brings Smartphone-Controlled ATM Technology to Western Market

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

Coming to the stage – all the way from the Ukraine – is the team from PrivatBank.

Topless Android ATM is an ATM without an unnecessary TOP. It is equipped with an Android phone with an NFC chip, Raspberry Pi, cash dispenser, and safe. The ATM has minimum electronics and no keypad or buttons and is controlled by customers’ smartphones.
Presenting: Kristina Chaiykovskaya (Deputy Head, E-Business) and Maria Gurina (Deputy Head, E-Commerce)

Product Launch: October 2013
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Dnepropetrovsk, Ukraine
Founded: March 1992
Website: privatbank.ua

PrivatBank Launches HCE Mobile NFC Payments Solution

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Here’s some good news out of the Ukraine: the country’s PrivatBank (FinovateEurope 2013) has introduced a mobile NFC payments service.

Based on host card emulation (HCE), the Liqpay app works with Android-powered NFC smartphones (Android 4.4) and lets users register both MasterCard and Visa cards for use at contactless, POS terminals.

Host card emulation is a technology that lets NFC applications function as smart cards. For consumers, this enables mobile payments via that NFC app. For banks and financial institutions, the technology allows them to save money by maintaining payment accounts in the cloud.

The technology was first deployed in 2012 and is seen as a way to speed mobile NFC adoption by card companies like Visa and MasterCard. By replacing the Secure Element traditionally used to host NFC applications, HCE technology promises an easier deployment for merchants, with lower costs and few changes to existing payment infrastructures.

PrivatBank is among the companies that will be demoing at FinovateSpring in San Jose. For more information about our upcoming event in April, visit our FinovateSpring 2014 page here.

Finovate Alumni News– February 28, 2014

  • Finovate-F-Logo.jpgPindrop Security launches Industry’s First Combined Voice Biometric and Phoneprinting Fraud Detection System.
  • Tyfone launches mobile banking platform for small and medium FIs.
  • Taulia launches Taulia Enhanced Discounting which gives organizations the choice of using cash or the capital of a third-party FI to pay early.
  • FreeAgent launches its first dedicated division giving direct support to UK accountants and their clients.
  • ShopKeep POS reaches 10,000 customers, announces expansion in Ireland and western U.S.
  • PrivatBank launches HCE mobile NFC payments solution.
  • Housing Wire lists Realty Mogul among its 100 most innovative technology companies for 2014.
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.