This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
A look at the companies demoing at FinovateFall in New York on September 11 and 12. Register today and save your spot.
NayaOne provides the fastest way for banks to work with tech providers.
Features
Find the right partner with 350+ vetted fintechs
De-risk integration upfront in 6 weeks
Build product propositions for customers with fintechs fast
Why it’s great
NayaOne is the fastest way to go to market with any tech provider.
Presenters
Karan Jain, CEO & Founder Jain is the former CIO of a multinational bank and a highly regarded technologist and practitioner now solving a problem in the market he experienced firsthand. LinkedIn
Oli Platt, Product Manager Platt is a data led product manager with a data science background driving NayaOne’s product development and adoption with some of the largest banks and the best vendors in financial services. LinkedIn
FinovateFall is right around the corner (September 11 through September 13). If you still haven’t registered for our annual autumn fintech conference in New York this month, there’s no better time than the present. Visit our FinovateFall 2023 hub today and save your spot.
This week’s edition of Finovate Global highlights companies headquartered outside of the U.S. that will be demoing their latest innovations on the Finovate stage in just a few days. Get to know them here, then join them in New York live and in person for FinovateFall!
Connect Earth
Founded in 2021 and headquartered in the United Kingdom, Connect Earth enables financial institutions to offer their retail and SME customers insights into the environmental impact of their spending. LinkedIn.
Engage People
Headquartered in Toronto, Ontario, Canada, Engage People is a loyalty network that enables program members to pay with points directly at checkout. The company was founded in 2015. LinkedIn. X (Twitter).
eSelf
eSelf is building the next generation of client-financial institution interaction, enabling human-like conversations and efficient personalization. Founded in 2022, eSelf is headquartered in Israel.
FinTech Insights
Fintech Insights offers a comprehensive digital banking research platform. The company’s technology helps FIs build strategies and launch new features faster. Headquartered in London, the company was founded in 2010. LinkedIn. X (Twitter).
Flybits
Founded in 2013, Flybits enables FIs to deliver personalized digital banking experiences across mobile, web, and the Metaverse. The company is headquartered in Toronto, Ontario, Canada. LinkedIn. X (Twitter).
Fundica
Headquartered in Montreal, Quebec, Canada, Fundica is a government funding platform used by some of the largest FIs in North America to acquire and retain clients at scale. Fundica was founded in 2017. LinkedIn. X (Twitter).
Jaid
Jaid is an AI-powered platform build to enable the intelligent automation of business communications. Founded in 2018, Jaid is based in London, U.K. LinkedIn. X (Twitter).
LemonadeLXP
Headquartered in Ottawa, Ontario, Canada, LemonadeLXP is a digital growth platform that helps FIs and fintechs create effective training and support tools to maximize their investment in their technology. The company was founded in 2019. LinkedIn. X (Twitter).
MacroMicro
Founded in 2016 and headquartered in Taipei, Taiwan, MacroMicro empowers over three million investors worldwide to make personalized investment decisions through dynamic and insightful charts. X (Twitter).
NayaOne
NayaOne gives banks a single point of access to hundreds of fintechs, digital sandboxes, fintech-as-a-service offerings, and datasets. Headquartered in London, U.K., NayaOne was founded in 2019. LinkedIn.
SESAMm
Headquartered in Metz, France, and founded in 2014, SESAMm is an AI insight and ESG risk detection specialist serving the financial services industry. LinkedIn. X (Twitter).
Zero Bank Design Factory
Zero Bank Design Factory is developing and operating a banking system for Japan’s first digital bank, Minna Bank. Founded in 2019, the company is headquartered in Fukuoka, Japan. X (Twitter).
Here is our look at fintech innovation around the world.
Central and Southern Asia
India-based PhonePe Wealth Broking, a subsidiary of mobile payments app PhonePe, launched a stock broking app, Share.Market.
A new report from Elevation Capital and McKinsey India indicated that India’s fintech ecosystem could reach $70 billion in annual revenue by fiscal year 2030.
“NayaOne is a digital transformation platform that helps you leverage the fintech ecosystem. We work with product, innovation, and tech teams in banks and insurance companies to help them get their products to market much, much quicker. We have synthetic data sets and building tools on the platform. Typically, it takes companies nine to twelve months to begin working with a fintech. Our customers can get to that outcome in about six to eight weeks.”
“We provide the industry with a digital banking market research platform that’s analyzing the digital offerings of banks, fintechs, credit unions, across the U.S. and worldwide. We analyze – from A to Z – what the banks, fintechs, and credit unions are offering, how they offer it, (and) how well they offer it, all while providing them with the ability to benchmark against the market and organize their product roadmap to implement their digital banking strategies.”
Greg Palmer chats with Nicole Sanders and George Broom of 10x Banking on streamlining product development and getting to market faster. Episode 171. Demo video.
“10x is a cloud-native banking platform that acts like a real-time operating system for banks. It allows you to build and run your bank at record speed at a fraction of the cost. We demonstrated that at Finovate through the use of our Bank Manager UI application. This allows product managers at banks to build products in minutes rather than months. In that seven minutes, we built a current account with a card and also a loan ready for launch to production.”
“We are a scale-up, San Francisco-based, that provides a software-as-a-service, machine learning platform which enables business experts to stay in control of their AI models. We also empower the data science and engineering teams through our technology that consists of the ability to continuously learn from the data as the business world changes. We provide continuous explanations to business users and give them the ability to give feedback to the models so that the models are aligned with the business all the time.”
Stay tuned for more insightful conversations from Greg Palmer and the Finovate Podcast!
“We are thrilled to have been selected for this prestigious opportunity to collaborate with the FCA on driving innovation in financial services,” NayaOne CEO Karan Jain said. “We believe that our digital transformation platform and synthetic data technology will be a valuable asset in helping fintech companies to develop and test their products more efficiently and effectively.”
The FCA’s decision comes in the wake of a pair of pilot projects, in 2020 and again in 2022. The initiatives gave startups access to synthetic and publicly available data in order to test and develop their solutions. The FCA announced that it would make the digital sandbox permanent in the summer of 2023. NayaOne has built a business of creating digital sandboxes for financial institutions, such as Lloyds Banking Group and FinTech North. And it is this experience – according to FCA Chief Data, Information, and Intelligence Officer Jessica Rusu – that makes the company well-positioned to help the FCA fulfill its goal of “promoting solutions to complex regulatory challenges like APP fraud, greenwashing, and scam detection.”
NayaOne demoed its Digital Sandbox in its Finovate debut at FinovateEurope. The company’s platform helps make innovation, integration, and partnership an easier – and faster – process for banks. NayaOne offers single key access to more than 200 technology vendors; a secure, digital sandbox environment; and 2.5 billion data points to support tech evaluation. The company reports that it has enabled banks to accelerate their proof-of-concept timeline from 12 months to only two months. This saves banks up to 80% in costs and significantly increases productivity.
NayaOne’s Digital Sandbox announcement comes as the company reports that Bambuis now available via the NayaOne Marketplace. Bambu is a Singapore-based B2B roboadvisor and fellow Finovate alum. A three-time Best of Show winner, the company most recently demoed at FinovateFall in 2021. “We recognize NayaOne’s commitment to enable banks and financial institutions to take advantage of revolutionary innovations in financial technology by bringing banks and fintechs together for innovation,” Bambu founder and CEO Ned Phillips said. “As a wealth technology provider, we at Bambu want to bring our award-winning financial solutions to the forefront, and we look forward to doing so on the NayaOne Digital Transformation Platform.”
Winds of more than 60 mph tossing 787s around like paper planes. A wave of multi-industry strikes sending parents, patients, and passengers scrambling to reroute plans and rearrange schedules. There is no doubt that the attendees of FinovateEurope 2023 have had more than their fair share of challenges to make it to the Intercontinental O2 this year.
But make it they have – and we are all the better for it. Now, with the votes tallied from those undaunted delegates, we are happy to reveal the names of the companies that have earned Finovate’s most coveted prize: Best of Show.
10x Banking for its technology that enables banks to move from monolithic to next-generation core banking solutions with its cloud native SaaS core banking platform Supercore. Demo.
FinTech Insights by Scientia for its competitive analysis tool for banks and fintechs that offers all the data companies need to outsmart the competition. Demo.
NayaOne for its technology that enables institutions to 10x their digital transformation with single-key access to 200+ fintechs to discover, evaluate, and scale new solutions to production. Demo.
TAZI AI for its technology that empowers experts and data scientists to create, update, and deploy ML models with a no-code platform, making smart decisions in dynamic environments. Demo.
Your Juno for its solution that engages more than 50,000 users around financial education. Demo.
We congratulate this year’s winners – as well as all of our demoing companies – for taking to the Finovate stage to show us their latest fintech innovations. And, of course, a hearty thanks to our sponsors, our partners, and – perhaps most of all – our attendees whose attention, participation, and appreciation make our annual European fintech conference such a joy to host. We look forward to seeing everyone again 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 five 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 through 2022 conferences are below:
Execute POCs 10x faster with results in 4-6 weeks instead of 12-24 months
Includes secure sandbox environment with 2.5 billion data points to support evaluation
Reduces cost by 80%
Why it’s great
NayaOne provides the fastest way to execute on digital transformation projects using fintech solutions to innovate, remain competitive, increase revenue, and stay ahead of customer expectations.
Presenters
Karan Jain, CEO& Founder Jain is the former CIO of a multinational bank and a highly regarded technologist and practitioner, now solving a problem in the market he experienced firsthand. LinkedIn
Oli Platt, Product & Marketplace Manager Platt is a data-led product manager with a data science background leading NayaOne’s tech marketplace, working with the best vendors in financial services. LinkedIn
