Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: Daon Brings Security and Convenience to Mobile Authentication”
  • “Quid Unveils New Data Visualization Solution, Opus

Around the web

  • Thomson Reuters partners with FX analytics firm, BestX.
  • Visa announces two-day, digital payments hackathon during 2016 UAE Innovation Week.
  • First Financial Bank chooses Fiserv as new technology partner.
  • FXCM and QuantConnect team up to offer live trading integration.
  • Kontomatik expands to Italy, now the tenth country served by Kontomatik’s banking API.
  • Envestnet | Yodlee unveils incoming 2016-2017 incubator class.
  • The Age reports SocietyOne to start making profits within the next 12 to 18 months.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

 

Best of Show Winner Quid to Open London Office

Quid_homepage_June2016

San Francisco-based, text-analytics innovator Quid is opening up its first international offices in London.

Quid CEO Neville Crawley said that London was a “perfect base” to better engage European clients such as Siemens, BCG, and the World Economic Forum. He added that the new location would also help his company “benefit from the ideas, energy and diversity of the London tech scene.” The new offices will be in Shoreditch in London’s East End.

Quid_stage_FS2016

Pictured: Quid Principal Sarah Pilewski demonstrated Opus at FinovateSpring 2016 in San Jose.

Quid specializes in leveraging machine intelligence to read massive amounts of text and then turning that data into interactive visual maps. These maps enable users to better observe and understand patterns and relationships that may have been too difficult to recognize otherwise or too time-consuming and inefficient to try and spot using a manual process.

In her demonstration at FinovateSpring in May, Quid’s Sarah Pilewski called the technology a “platform for understanding complex questions” and used the example of a researcher analyzing the impact of Apple Pay in the retail market. While in the past, work like this would be characterized by what Pilewski called “a room of smart people and a white board” or, more recently, hours of pouring over Google search results. But Quid organizes information based on logical topics which can differentiate a column on the partnership between Apple and Ali Baba from an article on RiteAid’s adoption of ApplePay. This spring Quid previewed its Opus technology, which expands the ability of the platform to analyze and visualize unstructured data from a wide range of sources such as earnings reports, customer feedback, and other text datasets.

Founded in 2010, headquartered in San Francisco with offices in New York City, Quid demonstrated its technology at FinovateSpring 2016, taking home Best of Show honors. The company was named to Fast Company’s 2016 Most Innovative Companies list in February, and has been profiled by the San Francisco Business Times and featured on CNBC. Quid counts Intel, Pfizer, and Walmart among its U.S. customers and has raised $66 million in funding.

Finovate Alumni News

On Finovate.com

  • Best of Show Winner Quid to Open London Office.
  • Reverse Takeover IPO Places ayondo on the Singapore Exchange.
  • Sezzle Scoops Up $500,000 Investment from Brussels-based E-Merge.
  • MX Adds Cash Flow Feature to MoneyDesktop Platform.

On FinDEVr.com

  • Markit Agrees to Acquire Prism Valuation.

Around the web

  • Australia’s Bendigo and Adelaide Bank to deploy cloud development platform from IBM.
  • itBit and Euroclear announce plans to use blockchain technology to provide a settlement service for the London gold market.
  • Trulioo expands to South America as part of Canada’s Fintech Mission to Brazil.
  • IBS Intelligence features Yoyo Wallet as startup of the month.
  • Payworks extends Stripe POS integration effort.
  • Trustly opens London office and hires General Manager from Worldpay.

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.

FinovateSpring 2016 Best of Show Winners Announced

IMG_1542

Heading into FinovateSpring 2016, we knew that one of the big themes would be the use of video for everything from authentication to improving customer engagement. And it seems like the hundreds of votes cast in our FinovateSpring 2016 Best of Show awards saw it the same way. Of the six Best of Show trophies awarded on Wednesday afternoon, two went to companies—SaleMove and Silver6that are helping to make visual technology a bigger part of fintech innovation.

In fact, the more we think about it, the more we see how Best of Show award winner Quid—with its interactive maps that help businesses better navigate big data—is part of this larger trend toward leveraging the visual. Whether to better connect customers and clients with merchants and advisers, or to help make data more accessible and actionable, when it comes to fintech innovation, the “eyes” have it.

Our Best of Show voters were also impressed by the way innovators are using technology to solve the challenges of refugee populations and the underbanked (BanQu); the cash-flow struggles of working families (PayActiv); and even to help middle-class investors better track their finances across peer lending platforms (LendingRobot). This year’s Best of Show vote is real testament to both the diversity and social engagement that defines fintech in 2016. And truth told, it is a beautiful thing to see.

So let’s take a closer look at the award winners for Best of Show at FinovateSpring 2016 (in alphabetic order):

BanQu - true vector copyBanQu for its blockchain-based identity platform that enables financial inclusion and empowers the underbanked to join the global economy.

 

 

LendingRobot copyLendingRobot for its dashboard that helps investors track investments across peer lending platforms like Lending Club and Prosper.

 

PayActiv Logos CMYKPayActiv for its real-world alternative to payday loans that gives workers access to earned but unpaid wages.

 

Quid copyQuid for its web-based intelligence platform that leverages big data analytics, natural language processing, and network science to turn data searches into visual explorations.

 

SaleMoveSaleMove for its engagement platform that creates high-touch customer interactions using video, voice, and chat.

 

Silver6 copySilver6 for its financial video platform that enables businesses to use video personalization to provide custom communications.

 

We hope you enjoyed FinovateSpring 2016. We had a great time hosting this year’s event and are already looking forward to our return to San Jose next year. Many thanks to all those who supported, attended, sponsored, partnered with, and demoed their latest and greatest innovations live on stage. We’ll see you again in 2017!


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 six 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 through 2014. Best of Show winners from FinovateEurope 2015 are here. Best of Show winners from FinovateSpring 2015 are here. Best of Show winners from FinovateFall 2015 are here. Best of Show winners from FinovateEurope 2016 are here.

FinovateSpring Sneak Peek: Quid

Quid_homepage_April2016

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals on May 10 & 11. Register today.

Quid is radically changing how you interact with information, turning a simple search into a profound, visual exploration of your data.

Features:

  • Users have access to integrated global data sources
  • Users can visualize and explore any textual data stream to gain insights
  • Users can upload and visualize custom data

Presenters

Quid_LowellDoppeltLowell Doppelt, VP of Sales
Doppelt brings a decade of strategic decision-making expertise to Quid from both the public and private sectors. Before Quid, he served financial services clients at McKinsey & Co.
LinkedIn

 

 

Quid_SarahPilewski2Sarah Pilewski, Principal
Pilewski is an early member of the Quid team, and principal of Quid’s Financial Services practice. Prior to Quid, she worked in private equity and strategy consulting.
LinkedIn

 

Finovate Alumni News

On Finovate.com

  • “Cachet Financial Solutions to Power Mobile Account Opening for PAYTOO”
  • “First Data’s Clover Launches Ecommerce Solution”

On FinDEVr.com

  • Beyond the Bitcoin BlockChain: Coinalytics is Now Skry”

Around the web

  • Interactions partners with Arise Virtual Solutions to bring virtual assistant technology to customer care.
  • Aerospike releases version 3.8 of its database server.
  • TransferWise opens its remittance service to the U.S./Mexico regions.
  • Wealth Professional features Betterment and Wealthfront in a column on roboadvisers.
  • ThreatMetrix Updates Smart Analytics Platform.
  • “SITO Mobile Partners with Cardlytics to Power Mobile Ad Campaigns with Purchase Intelligence”
  • Bitbond joins SME Finance Forum.
  • Insuritas to power insurance agency solution for Inspire Federal Credit Union.

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.