Checking in on the Latest from the Fintech Innovators of FinovateEurope – Finovate


Even though our annual European conference has moved from February to March, FinovateEurope will always be synonymous with wintertime for many of us. So with the coldest season swiftly approaching, now seems as good a time as any to check in on the latest from some of our most recent FinovateEurope alums.

Paris, France-based Thread recently earned recognition at Catapult: Kickstarter 2021 Fall Edition. As one of the event’s five winners, the company is now eligible for up to $56,360 in subsidies. Thread made its FinovateEurope debut earlier this year, demonstrating its technology that makes complex and critical investment workflows more efficient and collaborative. In doing so, Thread aims to help investors make better investment decisions and reap “consistently higher performance.”

Surfly, a company that creates personalized, collaborative, and compliant digital customer journeys, has been garnering more and more attention since its FinovateEurope appearance in March. Headquartered in Amsterdam, The Netherlands, Surfly was named to the 2021 WealthTech 100 in May and, in October, earned a spot in the InsurTech 100.

“With the acceleration of digital transformation worldwide, many companies have struggled to personalize their customer journeys online,” Surfly CEO Nicholas Piel said in a statement. “Surfly’s Co-browsing has helped ensure that insurers globally do not lose their personal touch with customers.”

Earlier this month we shared news that Strands had teamed up with carbon tracking company Doconomy. The partnership will enable the Barcelona, Spain-based fintech to offer climate impact and insight-driven engagement tools to their customers. Last month, Strands announced that digital financial solution provider Comviva will use Strands’ smart PFM solution to help its bank and financial services clients offer their customers a better digital banking and payments experience.

FinovateEurope 2021 Best of Show winner Quantum Metric was one of our more recent guests as part of our Finovate Webinar series. In partnership with BMO, the company led a webinar on How BMO is reimagining the Commercial Banking digital client experience using real-time analytics. Available for free on-demand for a limited time, the webinar panelists discuss the importance of quantifying the long-term impact of negative user experiences and how to establish a customer-centric mindset via Continuous Product Design (CPD).

Picking up a variety of fintech awards this year, white-label digital banking solution provider Meniga is another company that is leading the way in helping its customers understand and manage their climate impact – as citizens, consumers, and investors. Meniga, which demonstrated its Carbon Insight solution at FinovateEurope this year, announced that its transaction-based carbon footprint calculator had earned independent assurance from global accounting and professional services company EY.

ITSCREDIT was one of five Portuguese fintechs chosen to participate in a program to help provide Portuguese technology companies with the tools they need in order to “gain a foothold in (their) respective U.S. tech ecosystems” and help drive expansion. The landing pad program, Portugal Tech NYC, is sponsored by AICEP Portugal Global and SOSA, and will also feature the participation of Finovate alums ebankIT and LOQR.

ITSCREDIT demonstrated its Genie Advisor at FinovateEurope this year. The technology predicts customers’ financial conditions and provides insights to banking and finance professionals on how to best support customers that may be facing financial challenges.

To start the week, multiple-time Finovate Best of Show winner iProov announced that its partnership with Eurostar, the high speed passenger rail service that links the U.K. with mainland Europe, was now live. Eurostar has launched a trial of a new contactless fast-track service, SmartCheck, at London Pancras International. The service lets passengers use their mobile devices to secure ticket verification and U.K. exit check before they travel. Ticket holders of Eurostar’s Business Premier and Carte Blanche programs will be able to use their iPhones to complete a biometric face scan, which uses iProov’s Geniune Presence Technology, for identity verification that is linked to the traveler’s e-ticket.

“The days of rooting around in your bag for your passport or hoping that your phone battery doesn’t run out before you show your e-ticket at the gate are over,” iProof founder and CEO Andrew Bud said, “(SmartCheck) is effortless and convenient while also delivering the reassurance and security that travelers expect.”

Speaking of companies that have won more than a few Finovate Best of Show trophies, Digital Customer Service innovator Glia has been on an epic partner-making pace since its FinovateEurope appearance earlier this year. Customer engagement solution provider Engageware, Connecticut-based Liberty Bank ($7 billion in assets), digital banking solution provider Apiture, and Conversational AI specialist Posh Technologies are just a few of the companies Glia has collaborated with this fall. In November, the company earned a top 250 spot in the Deloitte’s Technology Fast 500 for North America.

Finovate newcomer Evolution AI followed up its FinovateEurope debut in March with a new partnership with UiPath, a robotic process automation specialist, over the summer. Courtesy of the agreement, Evolution AI and UiPath will work together to develop solutions to automate business workflows that require advanced text and document analysis. More recently, Evolution AI was recognized as a key player in the intelligent document processing solution market by Infinity Business Insights.

Stockholm, Sweden-based Dreams, which demoed the savings module of its financial wellbeing platform at FinovateEurope this year, earned recognition at the Banking Tech Awards hosted by Fintech Futures. The company was named “Best Digital Banking Solution Provider.” Learn more about the Best of Show-winning company in our interview with Dreams CCO Lucia Hegenbartova, who sat down with Finovate VP Greg Palmer for an episode of the Finovate podcast over the summer.

CoCoNet Group, a digital banking services provider based in Germany, recently. announced a successful collaboration with Raiffeisen Group. The Swiss banking group leveraged technology from CoCoNet to launch a multibanking solution with integrated cash management and a secure EBICS interface to streamline online banking for corporate customers. CoCoNet made its FinovateEurope debut this March, demonstrating its MULTIVERSA Corporate Customer Onboarding solution.

Less than a year after making its first appearance on the Finovate stage for FinovateEurope, European open banking company Aiia has been acquired by Mastercard. We reported the news late last month.

The company formerly known as Nordic API Gateway has enabled more than 40 financial institutions, and a number of businesses, to integrate financial data and offer A2A (account-to-account payments) via a simple API. Founded in 2017, the company had raised $15 million (€13.5 million) in funding to date.

“For the past decade, we have worked to build Aiia into a leading and quality-driven open banking platform, which has onboarded hundreds of banks and fintechs onto safe and secure open banking rails,” Aiia founder and CEO Rune Mai said. “We have worked closely alongside banks, customers, and local authorities to ensure that our APIs show the true effect of open banking. We’re excited to become a part of Mastercard and progress our journey of empowering people to bring their financial data and accounts into play – safely and transparently.”

FinovateEurope 2022 is right around the corner. If you are an innovative fintech company with new technology to show, then the time is now and the forum is FinovateEurope. To learn more about how to demo your latest innovation at FinovateEurope 2022 in London, March 22-23, visit our FinovateEurope hub today!

Photo by Naveen Annam from Pexels

Go to Publisher: Finovate
Author: David Penn