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FinovateFall Day 1: All Aboard the Mobile Train

Philip RyanbyPhilip Ryan
September 17, 2015
in Banking, Payments, Risk & Security
Reading Time: 4 mins read
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 Credit / Attribution - Print © Can Stock Photo Inc. / scanrailFinovate arrived in New York on a beautiful fall day and brought with it a host of solutions for onboarding customers on mobile devices, as well as managing wealth and fighting fraud.

Barely heard from, perhaps to the relief of some, was the blockchain.

Here’s a quick rundown of the companies that presented in New York today, starting with the morning sessions — an account of Day 2 is here:

  • Flybits showed a contextual concierge service for mobile banking.
  • Empyr, born from Mogl, is an online to offline commerce platform.
  • North Side demoed an IVR system and overcame significant technical difficulties.
  • TravelNotes will embed travel information (and rewards) within banking apps.
  • Yseop provides natural language reports based on spreadsheets of data.
  • Inforce Pro provides insurance agents with intelligence to better serve policyholders.
  • Xignite feeds market data to the financial services community, and announced a consortium of API providers.
  • Gro Solutions reduces mobile onboarding friction using imaging.
  • IDmission‘s Inform helps create secure online forms using biometric authentication.
  • Jack Henry & Associates showed a consumer-first approach to core banking — account-as-a-service.
  • TransferTo is a remittances platform with a broad and deep network of agents across the globe.
  • CellTrust secures segments users’ personal mobile devices, providing secure communications for work.
  • Blockstack.io offered blockchain-as-a-service, private blockchains for FIs.
  • Trading Ticket showed TradeIt, a brokerage marketplace.
  • ID Analytics announced ID Connect, an enterprise risk management, anti-fraud platform.
  • Urban FT demoed a socially aware white-label mobile banking app with extensive financial management tools.
  • Buzz Points presented a card-based rewards program with an emphasis on local businesses.
  • Soundpays offered an intriguing soundwave-based payment system — like Clinkle, but real.
  • ebankIT showed off full-features omnichannel banking middleware.

In the afternoon sessions:

  • Adobe showed off its marketing cloud for financial services.
  • Walletron demoed mBills, billpay for Apple Passbook (soon to be Wallet) and Google Wallet (soon to be Android Pay).
  • Advisor Software showed off cloud-based, customizable software for investment managers.
  • BehavioSec demoed behavior-based security, authentication, and analytics.
  • Capriza showed a solution to bring legacy applications and workflows into the modern, mobile age.
  • Alpine Data offered advanced analytics for wealth advisors.
  • Crowdability presented market intelligence on private companies raising money through crowdfunding.
  • Authy, a Twilio company, offers two-factor authentication to secures sites and services.
  • Ormsby Street showed Credit HQ, information for businesses on the companies that owe them money.
  • Alfa-Bank‘s Sense is a customizable mobile banking platform modeled on Google Now.
  • Davo Technologies demoed a way for businesses to effortlessly (if not painlessly) pay sales taxes.
  • AcceptEmail presented a hassle-free way to accept payments — and nearly took down the lights by hitting two beach balls with a baseball bat during its demo.
  • Euronovate‘s biometric mobile onboarding tool employs tokenization and biometrics.
  • HelloWallet gives users a financial wellness score and guidance on how to prepare for retirement.
  • Fern Software offered customer relationship management tools for global banks.
  • Dealflow uses data, including from social media, to find companies raising money and match them to investors.
  • Auvenir took on the challenge of automating and digitizing notoriously paper-intensive audits. Good use of props!
  • Avoka, a leader in reducing onboarding time and friction, showed off its cross-selling-while-onboarding tools.
  • Trulioo is a global identity verification service with customizable data inputs for FIs.

Among the incumbents, Avoka and Banno/Jack Henry gave strong presentations, and from the insurgents, we’re interested to see more from Crowdability, Soundpays, Alfa-Bank, AcceptEmail, eBankIT, and Walletron.

Congratulations to all the presenters — the hard work and passion that go into a seven-minute presentation are perhaps not always apparent to everyone in the knowing, jaded fintech followers in the audience.

Today’s most interesting tale may have occurred offstage — perennial Best of Show MX, formerly known as MoneyDesktop, was a late scratch. The company noted merely that it was “unable to present,” though nothing appeared to be amiss. More to follow on this one.

Tags: BlockchainCapital & FundingFinovateSales & Marketingstartups
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