Best of Show Winner Capitalise Goes Live with Interactive Brokers

Best of Show Winner Capitalise Goes Live with Interactive Brokers

Best of Show winner Capitalise is beginning the year with a bang: the company’s technology – which enables traders to automate their strategies using natural language – is now live with Interactive Brokers.

“Partnering with the prominent Interactive Brokers is a cornerstone achievement for Capitalise,” said company CEO Shahar Rabin. “This partnership will allow IB users to take their trading to new heights by automating them with the Capitalise platform. We believe IB users will enjoy and benefit from the hands-off experience of algo trading.”

Capitalise offers a white label solution that redefines trading automation by enabling traders to build and automate their own unique strategies using natural language. The technology transforms if-then scenarios into executable trades, monitoring the market and making entries and exits based on parameters provided in plain English by the trader. In this way, Capitalise brings the benefits of algorithmic trading to the average investor without requiring programming knowledge or ability.

The technology also enables traders to optimize their strategies, allowing them to analyze, predict, and improve investment outcomes with the click of a button. Capitalise is integrated with trading accounts on many third-party exchanges and brokers, making it easy for traders and investors to manage their trades in one place.

Capitalise plans to add a number of additional features to the platform including a social network for traders called The Social Arena, as well as backtesting functionality to enable traders to apply historical data to specific scenarios.

Interactive Brokers is an electronic brokerage firm based in the United States, with offices in 12 countries. Founded in 1978, the company has grown into the biggest electronic broker in the country based on daily average revenue trades and the number one forex brokerage. IB serves 385,000 client brokerage accounts, adding up to $86 billion in customer equity.

Founded in 2014 and headquartered in Tel Aviv, Capitalise demonstrated its technology at FinovateSpring 2017, winning Best of Show. Last fall, the company announced that it would be one of 11 startups to participate in the 10th cohort at the Microsoft Accelerator Tel Aviv.

Capitalise has raised more than $5 million in funding and includes Stage One Ventures, Poalim Capital Markets, Gefen Capital, and Glenrock Israel among its investors.

Finovate Alumni News

On Finovate.com

  • Best of Show Winner Capitalise Goes Live with Interactive Brokers.
  • Alt Credit Scorer Aire Scoops Up $11 Million in Growth Funding.

Around the web

  • Raiffesisen banks in Switzerland go live with Avaloq’s core banking system.
  • ID.me tops 10 million user milestone.
  • Fiserv launches new mortgage lifecycle integration solution, Mortgage Momentum.
  • Worldline announces expansion of its partnership with Rambus to provide ITSO smart tickets in the U.K.
  • The Paypers interviews Luke Flomo, Head of Ecommerce for Trustly.
  • BlueRush announces two new board members, Michael Beckerman and Paul G. Smith.

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.

Eight Finovate Alums Join Plug and Play Accelerator’s 2017 Fintech Class

Eight Finovate Alums Join Plug and Play Accelerator’s 2017 Fintech Class

Accelerator and global innovation platform Plug and Play revealed its incoming Fall 2017 class this week. And within Plug and Play’s Fintech cohort of 24 startups, eight companies are Finovate alums, including three Best of Show winners.

  • Capitali.se
    • Founded in 2014
    • Headquartered in Tel Aviv, Israel
    • Shahar Rabin is CEO and co-founder
    • FinovateSpring 2017 demoBest of Show
  • Eltropy
    • Founded in 2013
    • Headquartered in Milpitas, California
    • Ashish Garg is CEO and founder
    • FinovateSpring 2017 demo
  • HEDG
    • Founded in 2016
    • Headquartered in San Francisco, California
    • Bob Rutherford is CEO and founder
    • FinovateSpring 2017 demo
  • Hedgeable
    • Founded in 2016
    • Headquartered in New York, New York
    • Matthew Kane is Chief Ninja and co-founder
    • FinovateSpring 2017 demoBest of Show
  • Neener Analytics
    • Founded in 2014
    • Headquartered in San Jose, California
    • Jeff LoCastro is CEO and founder
    • FinovateSpring 2017 demoBest of Show
  • Qumram
    • Founded in 2011
    • Headquartered in Zurich, Switzerland
    • Patrick Barnert is CEO
    • FinovateFall 2016 demo
  • True Link Financial
    • Founded in 2013
    • Headquartered in San Francisco, California
    • Kai Stinchcombe is CEO
    • FinovateSpring 2014 demo
  • Voleo
    • Founded in 2015
    • Headquartered in Vancouver, British Columbia, Canada
    • Thomas Beattie is CEO
    • FinovateSpring 2017 demo

Fintech is one of six programs run by Plug and Play (the others are Brand & Retail, Energy & Sustainability, Food & Beverage, New Materials & Packaging, and Supply Chain & Logistics). A total of 101 startups across all six programs were selected from an applicant pool of 2,800. The fall program lasts 12 weeks, ending at the Plug and Play Fall Summit in late October, and will provide startups with access to “world-class mentors, tier one VCs, and C-level executives to propel their businesses to success,” said Principal of Plug and Play Ventures, George Damouny. Opportunities for investment are also a feature of the program. “As an investment group,” Damouny added, “we will have a lot of fantastic investment opportunities, and I’m super excited to be working closely with these startups.”

Joining our eight alums in the fall 2017 Fintech cohort are:

  • Blockdaemon
  • Bouxtie
  • CreditStacks
  • HEXANIKA
  • Income&
  • Keyo
  • Koyfin
  • Synswap
  • LifeSite
  • MIRACL
  • Squirro
  • Novo
  • Qanta
  • Responsive AI
  • Scanovate
  • Tomorrow Ideas, Inc.

“Together, with our team members and community, Plug and Play’s goal is to showcase the startups to at least 30 corporate partners and 30 investors per vertical in the next 100 days,” Plug and Play CEO and founder Saeed Amidi said. More than half the companies in the Fall 2017 class are in the seed stage (57%), with 25% early stage, and 18% growth stage. Additionally, more than a fourth of the Fall 2017 startups are from outside of the United States, including companies from Hong Kong, Ghana, and Switzerland.

Founded in 2006 and headquartered in Silicon Valley, Plug and Play has made more than 500 investments in more than 400 companies since inception. The accelerator provides mentorship, co-working space, and opportunities for investment for both seed and more developed companies. Plug and Play’s sizable list of partners includes financial institutions and financial services firms such as USAA, Credit Suisse, Cathay Financial and US Bank. In addition to FinDEVr alums Google Cloud Platform (FD16) and Plaid (FD14), Plug and Play’s data partners include IBM Cloud, Microsoft Azure, Medici, Dun & Bradstreet, Morningstar, and AWS Activate. Graduates of the Plug and Play accelerator include Finovate alums Dwolla (FS15), Lending Club (FS09), PayPal (FE12), and Trulioo (FF16).

FinovateSpring 2017 Best of Show Winners Announced!

FinovateSpring 2017 Best of Show Winners Announced!

Do the Best of Show winners of FinovateSpring 2017 represent our most diverse array of fintech innovations to date?

You be the judge. This year’s winners include four companies that made their Finovate debuts this year, as well as a pair of companies – Hedgeable and SaleMove – that are not only Finovate veterans, but also are previous Best of Show award winners. And when we focus on the technologies involved: artificial intelligence, automated financial advisory, OCR, machine learning, biometrics, and more, it is clear that the innovations we see on the Finovate stage are indicative of broader trends not just in fintech, but in the technology industry as a whole.

So here’s to the innovators of FinovateSpring: from those who leverage technology to solve fundamental problems in finance to others who take advantage of the “sharing economy” to introduce entirely new ways to do everything from buying a home to investing for retirement.

Alpharank for its APIs that enable FIs to turn their transaction data into predictive social graph data.

Capitali.se for its fully-automated portfolio management and trade execution technology that turns natural language into executable investment strategies.

 

Hedgeable AI Lab for its artificial intelligence platform, Katana, that leverages voice commands and chatbot technology to provide financial planning advice.

 

 

Microblink for its real-time, retail receipt scanner for mobile apps, turning the mobile camera into an accurate data catcher and replacing manual inputs.

 

 

Neener Analytics for its compliant social media analytics solutions that provide frictionless credit decisioning and individual risk outcome predictions.

 

SaleMove for its Engagement Platform and OmniBrowse solution that helps FIs meet or exceed the in-person customer experience online.

SpeechPro for its VoiceKey.FRAUD technology that uses voice biometrics to enable call centers to detect fraudsters.

Unison for its HomeBuyer and HomeOwner solutions that helps make homes more affordable and home equity easier and less expensive to access.

What a time we had this year in San Jose! Thanks to all our presenting companies, our sponsors and partners, our volunteers, temps, and presenter-acclaimed AV team, and of course, thanks to you, our attendees. We are already looking forward to our return to Silicon Valley next year for FinovateSpring 2018. So if we don’t see you this summer in London for FinDEVr or this fall in New York for our new, expanded FinovateFall conference, we hope we’ll see you again this time next year right here.


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

All News is Good News from 2016 FinovateEurope Best of Show Winners

All News is Good News from 2016 FinovateEurope Best of Show Winners

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At FinovateEurope 2016, six companies took home Best of Show trophies after an audience vote favored their seven minute demos on the Finovate stage in London. FinovateEurope returns to London in less than two weeks, on February 7 and 8, where we’ll see 55 companies debut their newest technology and vie for a chance to win the audience’s vote for Best of Show. Tickets are still available. Register to save your spot today.

Today, we’re taking a look at the successes from the six Best of Show-winning companies from last year.


25107877391_5fb99d5838_kCapitali.se
Offers natural language trade automation for automatically managed investment portfolios
Demo video

What’s new:

  • Recognized by PYMNTS.com as representing fintech innovation in Israel
  • Cited as a top B2B wealth tech player
  • Listed by The Next Web as 1 of 6 fintech startups to help you make the most of your money

DriveWealth25201110835_5b8991a5e9_k
Enables real-time fractional share investing and trading in U.S. equities for mass retail investors
Demo video

What’s new:

  • Brought Roboadvisory to Latin America in new partnership with Alkanza
  • Added a new real-time margin feature
  • Expanded APIs for wealth managers
  • Brought robo advisory to China in new partnership with CreditEase
  • Inked new partnership with Stoxs

25174331736_4f20b80c80_kEyeVerify
Offers a scalable biometric authentication solution
Demo video

What’s new:

  • Acquired by Ant Financial
  • Partnered with Bioconnect to boost payment security
  • Selected by Wells Fargo for its biometric authentication technology

24905480290_e037cec5e7_kIDScan Biometrics
Offers a digital onboarding suite with facial recognition technology
Demo video

What’s new:

  • Acquired by GBG Group
  • Included in Mercator Advisory Group’s biometric authentication report

 


SwipeStox
Offers a mobile, social trading 25082834042_60b88fc576_kapp that enables users to copy single trades of other users
Demo video

What’s new:

  • Won Digital Top 50 Award
  • Won Wolves Summit 2016
  • Launched WebTrader to expand beyond mobile
  • Launched Live Trading on its app

The sixth Best of Show winner, Valuto, shut down in August of 2016. Its parent company Currency One cited “an unsatisfactory pace of development” as the reason for the closure.

Top Business-to-Business Wealth Tech Players

Top Business-to-Business Wealth Tech Players

wealthtech4

If you’ve been following our series on wealth tech, you’ve seen our analysis of the industry as a whole, a review of the top trends, and an examination of B2C wealth tech players.

Our wealth tech coverage continues this week with a review of business-to-business (B2B) players in the wealth tech space. These are companies that cater directly to banks, advisors, or brokerages, instead of offering products or services directly to consumers. B2B wealth tech is a large category, so I’ve sub-divided it into four digestible groups and listed my top picks for each category. Since category sizes vary, the number of selections also varies.

Alternative investment services
These are platforms that help advisors connect clients with unconventional investment types, such as private equity, hedge funds, futures, real estate, etc.

Screen Shot 2017-01-19 at 11.44.57 AMEquityZen’s EZ Institutional lets advisors give clients access to a diverse asset class

Technology for advisors and brokerages
These are tools available via API, SDK, or web interface to help advisors compete with robo advisors by allowing them to invest with less bias, increase client communication, scale operations, find new clients, and more.

Screen Shot 2017-01-19 at 11.40.41 AMTrizic offers advisors their own digital tools to compete with robo advisors

Non-U.S. B2B investment and advisor technology
Similar to the above category, these companies offer tools for advisors outside of the U.S.

Screen Shot 2017-01-19 at 11.30.52 AMmeetInvest helps advisors invest like world-renowned market experts

News and Information Companies
These are online platforms, APIs, or SaaS offerings that provide advisors market information, show them trending news, or connect businesses with market data to power their own products.

Screen-Shot-2016-10-31-at-3.22.22-PMForwardLane’s dashboard acts like a private research analyst for advisors advisors, helping them stay current on new trends and funds

Finovate Alums Help Represent Fintech Innovation in Israel

Finovate Alums Help Represent Fintech Innovation in Israel

Israel_FlagPYMNTS.com published an interesting, metric-based post on the tech scene in Israel. The post emphasized that while the country has a well deserved reputation as a “cybersecurity hotspot,” it is also true that “Israel’s tech ambitions and prowess extend much further.”

The salient statistic for me: 430—the number of fintech startups headquartered in Israel—is highly impressive, considering only 90 fintech startups existed in 2009.

With that in mind, here’s a look at some recent Israel-based Finovate alums who are helping make the country one of the world’s key locations for fintech innovation.

Our 14 Israel-based Finovate alums have raised more than $164 million in funding. Two alums—NICE Systems and Top Image Systems—are publicly traded on the Nasdaq, and two more—Capitali.se and TipRanks—have won Best of Show awards.

TheFloor_Israelfintechhub

There’s no doubt the fintech in Israel is on the move. The country’s first fintech hub, The Floor, was launched in 2015, and as of March 2016 is now located at the Tel Aviv Stock Exchange. Writing about why fintech innovation is thriving in Israel, VentureBeat’s Avi Zeevi of Carmel Ventures highlighted a few key features:

  • Mastery of relevant technologies such as real-time analytics, cybersecurity, and risk management
  • Legacy of success creating a “startup ecosystem (with) massive amounts of knowledge”
  • The country has learned from other key global financial centers
  • Global financial institutions have a presence and have been investing in Israel
  • Israeli FIs “have always been open to innovation”

“All of this had led to a dramatic rise in investments in Israel fintech companies,” Zeevi wrote. “By addressing the needs of both developed and emerging markets, Israeli fintech will only continue to grow.”

Are you an Israel-based Finovate or FinDEVr alum that we overlooked? Send us an email at research@finovate.com and we’ll update our roster.

 

 

FinovateEurope 2016 Best of Show Winners Announced

FinovateEurope 2016 Best of Show Winners Announced

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With winter winds whipping up white caps on the typically mild-mannered Thames, another FinovateEurope is officially in the books.

We could not be more grateful to all those who demonstrated their latest fintech innovations live on stage in front of our record-setting audience here at Old Billingsgate Market Hall. After two days of demos, our attendees have weighed in on which technologies will earn the coveted title of Best of Show.

So with no further ado, let’s take a look at what our 1,500+ fintech fans feel are the innovations that are getting us that much closer to a world of better engagement, friction-free and secure payments and e-commerce, and broader financial opportunities for all.

Here are the Best of Show winners of FinovateEurope 2016 (in alphabetic order):


Capitalise-(capitali Capitali.se 
for its technology that uses natural language to enable trade automation, turning investment ideas into auto-managed investment portfolios.

 

drivewealth-logo DriveWealth for its cloud-based/API technologies that enable real-time, fractional share investing and trading in U.S. equities for mass retail investors around the world.

 

Eyeverify---Hi-Res EyeVerify for its biometric authentication, Eyeprint ID technology that turns an ordinary selfie into a key that protects your digital life.

 

IDscan---Hi-Res IDscan Biometrics for its market-leading, digital, onboarding suite with a powerful, state-of-the-art facial  recognition algorithm.

 

SwipeStox---Hi-Res SwipeStox for its mobile social trading app that allows anyone to trade forex, market indicies, and CFDs by copying single trades.

 

Valuto---Hi-Res Valuto for its multi-currency account powered by an open API that enables seamless integration with SaaS accounting, e-invoicing, B2B marketplace, and e-commerce platforms.

FinovateEurope 2016 was a blast, and we hope you enjoyed the conference as much as we enjoyed hosting it. As always, a thousand thanks to everyone who attended, sponsored, partnered with, and demonstrated their latest fintech innovations at FinovateEurope 2016. We’ll see you next year!


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 ballot 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.