As we begin helping FinovateEurope 2014 presenters polish their demos for the show on February 11 and 12, we thought we’d take some time to catch up with last year’s best of show winners to see what they’ve been up to over the past 12 months.
Here are last year’s winners, in alphabetical order:
Who they are: A retail bank leader in France and Europe, with 11,600 branches worldwide, 160,000 employees and 54M customers.
What they demoed: The Credit Agricole Store, a European app store where financial apps are co-created between clients and developers thanks to the opening bank APIs. Demo video
What they’ve been up to:
Celebrated the second year of its social media bank and attracted 3k banking customers.
Harnessed banking and insurance expertise to support the cooperative group Agrial in its first listed private bond placement.
Who they are: an IT company that develops complex and innovative solutions for the banking and finance industries.
What they demoed: The BANKTRON e-channels management platform that provides front-end users elegant, safe, and secure financial products and services. Demo video
What they’ve been up to:
Was recognized as Lithuania’s most advanced high-tech sector company in the elections of the Knowledge Economy Company 2013.
Released a mobile banking app for Medicinos Bankas.
One of the DNB Group’s Internet banks implemented BANKTRON and its newest adaptive interface.
Who they are: mBank is a financial sector innovator that offers a full range of retail and SME financial products. Efigence specializes in online banking platforms, currency trading tools, PFM tools and social and financial data aggregation tools.
What they demoed: Their online banking transactional site and implementation of Facebook and real-time consumer gratification.
Who they are: They offer white-label PFM and next generation online banking solutions to retail banks.
What they demoed: Their To buy or Not to buy, a white-label module for mobile banking applications. It uses PFM functionality to empower and influence consumers at the point of sale or when considering buying something.
Who they are: A neobank focused on the mobile experience and aimed at both banked and underbanked consumers.
What they demoed: Their mobile banking experience along with how CredScore and their Spend, Save, Live tools will help consumers manage and improve their financial health
Who they are: SumUp offers an easy way for small businesses and sole traders to accept card payments securely, even on-the-go. Using only a portable card reader and an app for iOS and Android, merchants can accept card payments on their mobile device.
What they demoed: Their mobile point of sale system
To be a part of the action at this year’s FinovateEurope, get your ticket here to watch a full two days of demos and vote for who you think should win Best of Show.
Here at Finovate, we’ve been keeping a close watch on the development of fintech since 2007. This year was no different. Over the course of our four conferences in 2013, we saw:
241 demos
28.1 hours of demos
16 “time’s up” gongs
39 hours of high-intensity networking
In case you missed them, here are the Best of Show winners from this year:
Credit Agricole for its platform where financial apps are co-created between clients and developers demo video
Finantix: Launched Sharp digital banking platform to improve sales and service interaction demo video
SocietyOne:ClearMatch technology used to streamline the loan application process demo video
Ubank: National Australian Bank (NAB), launched its peer-spending comparison tool, People like U demo video
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 companies with the highest percentage of submitted ballots were named Best of Show.
We will continue to add to this list throughout the next few weeks as new coverage is published. If we are missing press coverage or if you would like to add to the list, please contact julie@finovate.com with the link.
Our third FinovateEurope wrapped up a few hours ago. At the end of each of the two jam-packed days, the London audience voted for their favorite three demos. The top eight overall were named Best of Show (see notes).
The winners (in alphabetic order):
Credit-Agricole for its app store where it is wooing outside developers
ETRONIKA for its BANKTRON e-channel management platform
mBank with Efigencefor their Facebook & social platform
Menigafor its PFM platform, including “buy” vs “not buy” feature
Moven(Movenbank) for the worldwide launch of its mobile-optimized bank
Virtual Piggy for its kids’ payment system with parental controls
We’ll have videos of all 64 demos posted at Finovate.com within a few weeks.
Congratulations to the presenters for our first Finovate with zero demo fails (sure their where a few glitches here and there). And thanks to everyone who attended, tweeted, networked, blogged, and set up an enormous number of post-show meetings. You are pushing fintech forward, and consumers everywhere will benefit.
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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.
This post is a part of our live coverage of FinovateEurope 2013.
Wrapping up FinovateEurope 2013, Virtual Piggy demonstrated how kids can use its online payment platform to safely make online purchases:
“Virtual Piggy is the first e-commerce solution that enables kids to manage and spend money within a parent-controlled environment.
The technology delivers online security platforms designed for the under-18 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (COPPA) and similar international children’s privacy laws. Virtual Piggy enables the U-18 audience to play, transact and socialize in a secure online environment guided by parental permission, oversight and control.”
“Banking Assistant is a smart banker in your pocket. It runs on mobile phones and tablets, and can understand commands and questions in natural language, written or spoken.
The app allows a bank’s customer to access intelligent information, launch transactions and receive useful advice in the most intuitive and effective way.
Banks can easily integrate the underlying engine in their existing apps and systems.
Banking Assistant is part of Finantix Sharp, a multi-channel platform for digital banking that introduces a fresh and engaging approach to customer interactions.”
This post is a part of our live coverage of FinovateEurope 2013.
Coming to the stage now is mBank & Efigence implementing a full “Bank 3.0” makeover that combines social media and “real-time customer gratification:
“mBank is the 1st established European bank to undergo a comprehensive, mass-scale, Bank 3.0″ revolution of its direct channels including modern UI/UX of transactional banking, PFM, video banking, transactional/real time marketing, social channels, gamification and mobile banking.”
Product Launched: June 2013
HQ Location: Lodz, Warsaw, Poland
Company Founded: mBank – 2000; Efigence – 1999
Metrics: mBank – 5,600 full-time employees; 3.5 million retail and SME customers; Efigence – 120 employees
“SmartBank TV is a product that offers financial services based on the Google TV platform. It is intended to use the global widespread of sales in smart TVs.
The solution offers a channel for bank customers to access financial services from their TV. The solution offers a different way to receive notifications from their financial provider on the TV, and to access financial services, such as account balance, movements, credit cards and services payments from the TV. It provides a new sales channel for the financial institution with easy process of sale.”
Product Launched: February 2013
HQ: Porto, Portugal with offices in Lisbon (Portugal), Luanda (Angola) and Maputo (Mozambique)
Founded: April 2005
Metrics: €9M in 2012 revenues, 200 employees in 2012
This post is a part of our live coverage of FinovateEurope 2013.
Then, Metaforic showcased its security technology that protects mobile apps from unauthorized code changes:
“We have a product that protects mobile applications from unauthorized changes and subversion of the existing code. In effect, by using our solution, the financial institution has control over what the application does if it is compromised. It can quit, display a message, send a silent security alert to bank servers or any other behavior the developer cares to define.
Critically, for financial institutions that have a lot of mobile developments underway, it can be integrated with existing developments at the end of the software development lifecycle, and it is an automatic process not requiring significant developer time or security expertise.”
Product Launch: FinovateEurope 2013
HQ: Glasgow, Scotland
Founded: 2006
Metrics: Metaforic is a 35-person company that has raised over $12M, primarily from VC groups such as SEP, Pentech and the Scottish Government.
This post is a part of our live coverage of FinovateEurope 2013.
Representatives of Mistral Mobile are on their way to the stage now. The company will be demoing their Money Mobility Suite:
“Money Mobility Suite is the focal point of building a comprehensive mobile front-end for any financial service.
Suite integrates to any financial services
system such as core banking systems, payment processing systems, or a stored value account system and provides fully secure communication between the system and the Money Mobility applications in the handsets.
Suite provides fast time to market to deliver mobilization for various types of financial services. Most importantly, it provides remote management and configuration capabilities for all the applications through a single configuration management center and enables the financial service provider to instantly add or change features available for the users of the different financial services products.”