Sensibill Brings Receipt Management to Royal Bank of Scotland’s Business Banking Customers


Royal Bank of Scotland will add receipt management services to its mobile banking app courtesy of a new partnership with FinovateFall Best of Show winner Sensibill. The service will be made available to RBS’s business banking customers in January 2018, giving iOS and Android users alike the ability to scan physical receipts with their mobile device. Small business owners benefit from a streamlined process that reconciles scanned receipts with card transactions, tracks and categorizes spending, and builds reports for invoicing and accounting.

“Every time a customer uses a competing solution to solve their financial pain, customer loyalty erodes,” Sensibill CEO and co-founder Corey Gross warned. He pointed to new challenges from the rise of open banking and innovative fintechs, adding “there has never been a more critical time for banks to invest in their customers and invest in services that will retain them.”

Left to right: Sensibill’s Jamie Alexander (CTO and Co-Founder) and Corey Gross (CEO and Co-Founder) demonstrating Pulse at FinovateFall 2017.

“No bank can expect to thrive without listening to the evolving needs of customers,” added Marcelino Castrillo, MD of business banking at NatWest/Royal Bank of Scotland, “and by partnering with Sensibill, we’re offering proactive help and best-in-class innovation for free.”

Sensibill’s white-label solution makes it easy to capture, track, and manage e-commerce and paper receipts. Users designate whether or not the purchase is personal or business, and use folders and notes to provide context as to what the purchase is for. From there, Sensibill’s technology extracts key purchase data from the receipt. “Not only do we extract (the) merchant name, date, and total, we decipher all of the 150+ unique data points that can be found on receipts, down to the item and SKU-level details,” Gross explained. “Simply put, nobody is better at structuring receipt data than Sensibill.”

Founded in 2013 and headquartered in Toronto, Ontario, Canada, Sensibill demonstrated its Pulse solution at FinovateFall 2017, winning Best of Show. Pulse provides financial institutions with the customer insights they need in order to become and remain top-of-wallet. Built on Sensibill’s item-level data, Pulse helps FIs spot new revenue opportunities, target incentives, and develop targeted prospect lists for in-app campaigns.

Sensibill has raised more than $18 million in funding. The company has 62 employees in the United States and Canada. Earlier this year, Sensibill – in partnership with Scotiabank – won the Best of FinXTech Award for its eReceipts solution.

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.

FinovateFall 2017 Best of Show Winners Announced

Join us in a hearty congratulations for the seven companies that earned not just the admiration of our FinovateFall 2017 attendees, but their votes for Best of Show, as well.

With more than 70 companies demonstrating their technologies live on stage over the course of two days, some diversity in theme and topic is to be expected. What is especially interesting about our Best of Show winners this time around is that, while numbering only seven, these innovators still reflect a wide variety of approaches toward solving some of the most vexing challenges in our financial lives. These are the technologies that we increasingly turn to for help when it comes to saving and investing for the future, working better and more efficiently with our banks and credit unions, and safeguarding our property, our financial transactions, and even our identities against fraudsters, hackers, and other malevolent actors.

So hats off to the Best of Show winners of FinovateFall 2017. From Finovate veterans that have been honored by our attendees with Best of Show trophies in the past to newcomers who made huge, positive impressions in their Finovate debuts this week, these are the companies that help define our industry and show us the direction of fintech innovation to come.

Envestnet | Yodlee for its Financial Health Check that leverages account and transaction-level data to measure and score overall financial health across multiple dimensions including spending, savings, borrowing, and planning. for its Virtual Banking Assistant, powered by artificial intelligence and available via channels ranging from Facebook Messenger to Amazon Alexa, which makes everyday banking simple and easy for customers.


Jiffee for its tap & pay mobile technology that turns any device into a payment terminal, enabling consumers to pay anywhere and everywhere without relying on plastic credit and debit cards.


Sensibill for its +Pulse solution that helps spot revenue opportunities from on- and off-card purchase data, providing a targeted prospect list for personalized, in-app campaigns.


SpyCloud for its monitoring and alert service that helps organizations better understand their employee and customer digital footprints by giving them visibility into their exposed credentials actively being traded in the underground.


Sustainably for its social good platform for consumers and businesses that turns the spare change from shopping into micro-donations to philanthropic causes.


Voleo for its social trading app that makes it easy for people to invest together, saving time and money, while simultaneously leveraging the collective wisdom of networked investors to pursue market-beating returns.

We want to thank all of the companies that demonstrated their technologies live on stage this year for FinovateFall 2017. From AI, the blockchain, and chatbot technology to mortgagetech, payments, and voice-enabled banking, the breadth of solutions and services shown over the past two days of our conference bodes well for the future of fintech. And be sure to join us Wednesday morning at 9:15 a.m. as we host our first-ever roundtable discussion featuring representatives from each of our Best of Show winning companies.

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 seven 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 our 2015 and 2016 conferences are below:
FinovateEurope 2015
FinovateSpring 2015
FinovateFall 2015
FinovateEurope 2016
FinovateSpring 2016
FinovateFall 2016
FinovateAsia 2016
FinovateEurope 2017
FinovateSpring 2017

FinovateFall Sneak Peek: Sensibill

A look at the companies demoing live at FinovateFall on September 11 through 14 in New York. Pick up your tickets today and save your spot.

Sensibill’s market-leading technology embeds in banking apps to help users manage receipts. This purchase data provides unparalleled customer insight that generates revenue opportunities.


  • Pinpoint cash and OFI card spend that you can migrate to your cards
  • Upsell small businesses that hide in your personal banking user base
  • Identify customers’ needs before they start to shop around

Why it’s great
Driving above-market growth hinges on the depth of customer insight. Sensibill offers the deepest source of data and makes it clear how exactly FIs can seize opportunities.


Corey Gross, CEO and Co-Founder
Gross is an entrepreneur, emerging payments thought leader and digital receipts pioneer with extensive experience partnering with POS, retailers, FIs, and others in the payments value chain.

Jamie Alexander, CTO and Co-Founder
Alexander is an innovator and recognized technology leader with 20+ years of enterprise (IBM) and startup experience in software architecture, design, and development for financial services and telecomms.

Finovate Alumni News


  • BizEquity Brings Business Valuation Data to Wall Street Journal Pro.
  • Fern Software Opens Cloud Platform to Third Parties in the U.K. and Ireland.

Around the web

  • SumUp announces expansion to 15 European countries, doubling the number of markets the company serves.
  • UK Hot Views takes a look at the recent financial performance of Vipera.
  • OnDeck celebrates 10th anniversary, having provided more than $7 billion in capital to more than 70,000 customers.
  • Ellie Mae acquires Velocify in $128 million deal.

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.