THE FINTECH POWER 50 PRESENTS
ONES TO WATCH
Money 20/20 4.6.2019 Amsterdam - 5:30 PM Oliver’s, 78 Claude Debussylaan, 1082 MD Amsterdam, Netherlands
Money 20/20 is coming to Europe in June and we are thrilled to be organizing a ‘must attend’ side event: FIN AND TONIC. Temenos, Projective, The LHoFT & B-Hive would love to have you join us as our communities come together for a night filled with networking, delicious snacks & drinks and, most of all, having fun! Visit b-hive.eu/money2020 for more information.
Shaping the future fintech landscape With Mark Walker, The Fintech Power 50's Co-founder & COO The Fintech Power 50 this year has included some of the biggest hitters in the global financial services industry, including world-renowned futurist and speaker Brett King and fintech expert Chris Skinner – all covering the future of business and technology. Businesses honoured in the list range from fintech unicorns, such as Revolut and N26, challenger banks like Starling Bank and innovative blockchain ID and payment solutions, such as Nuggets. The wide range of businesses and individuals highlights the breadth, diversity and creativity of the fintech sector. Inclusion in the prestigious list not only puts a spotlight on these influential companies and individuals, it also offers them access to The Fintech Power 50’s global connectivity in the broad fintech ecosystem and trusted network of fintech companies and leaders. Fintech is a fast-evolving sector with expert entrepreneurs establishing new companies that offer innovative technologies capable of transforming the way we pay for goods and services. Here at The Fintech Power 50, we celebrate this ingenuity and energy by identifying the businesses and individuals hat both the industry and our executive team believe are helping to change the financial services industry for the better. We started the nominations process again at the end of April 2019, asking industry members to help us find the next cohort for the Fintech Power 50 2020 programme.
Between now and the end of June, members can nominate a fintech company and a fintech influencer that they believe should be featured in the programme. Any fintech company or individual can be nominated, no matter where in the world they are based. Because we have already seen a fantastic response, and nominations have been flooding in, we wanted to create a supplement that would showcase some of those companies already highlighted to us. These companies are driving change and innovation within fintech and hail from all over the world. This guide to the 'ones to watch' features 50 fintech companies that are innovative, disruptive and influential in shaping the future fintech landscape. The results of this first stage of nominations will be used to compile a comprehensive list of both businesses and influencers that the public can then vote on from July to September. Those chosen as worthy candidates to join The Fintech Power 50 programme in 2020 will be revealed in a ceremony at the end of this year. The hunt is on – I look forward to seeing who makes the 2020 programme. ■ To nominate your favourite business or influencer, visit The Fintech Power 50 website: www.thepower50.com/ fintech-power-502020-nominations WWW.THEPOWER50.COM | 3
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HISTORY REPEATING ITSELF? THE GREAT BUNDLING DEBATE By Pat Patel
When I hear the word
Global Content bundle I tend to get Director catapulted back to my Money20/20 childhood and into the
school playground, when the word ‘BUNDLE’ was shouted and you ran. You either ran to jump on the poor soul who was about to be bundled or ran away from the scrabbling mob bundling you. Now onto financial services. This story is about whether we are heading to or from (or in fact back to) a good old-fashioned bundle. The financial services playground has experienced a movement towards, then away, and then towards bundling in recent years – all driven by insurgents. While the majority are scaleups, such as Zopa, TransferWise, Robinhood or even Square, some are consumer internet companies, such as Amazon and Alibaba (via Ant Financial). 4 | WWW.THEPOWER50.COM
Moving from specialism to diversification in the quest for scale. But how do these insurgents make the unit economics stack up?
Bundling since the dawn of banking In the beginning, banks built out their product offerings akin to ‘a supermarket’ for all financial needs (within reason). Cross-selling and cross-subsidising were key and banks capitalised on their strength of brand and the consumer and political need for trust. Scale and unit economics could be achieved and large players dominated their domestic markets and grew internationally. As this trust deteriorated during the financial crisis, alongside a demand for better products and choice, the door opened for startups to offer niche products that were either cheaper or easier to use, leveraging their agility and new technology. By leveraging mobile app stores, open APIs, cloud infrastructures and
banking regulation, startups focussed on single experiences and markets. Now we are in the early phases of rebundling as customer acquisition costs have risen, due to increased competition and a desire from customers for contextual and seamless experiences. The advent of more APIs, disruptive technologies like artificial intelligence and the ability to leverage structured and unstructured data is meeting these needs, enabling greater insight into customers. To combat this increasing competition and customer acquisition costs, growing scale or providing more services to existing customer base has become essential for insurgent survival.
New models are evolving The key question is what’s next? Is this insurgent model sustainable? In recent years, marketplaces have been enabling a new form of rebundling for those insurgents that have
built scale as a niche unbundler. A great example of this is N26 as it connects with niche players to offer a broader range of services to its customers. The best of both worlds if the commercial model can stack up!
To bundle or not to bundle? There seems to be two business models emerging. Firstly, those that build their own product capabilities themselves (largely traditional banks and some scaleups) and then those that build a platform to connect to third parties and take a commission of every product sold to its customers. There are certainly parallels with how app stores operate and in the domain of financial services, Ant Financial, via its Alipay product, has managed to achieve this – providing a range of products starting with payments and then moving into savings, lending and much more. At present the driver seems to be scale. The next consideration needs to be whether the unit economics stack up as the cost to acquire customers are increasing and the competitive playground is changing.
Source: N26
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WORKING TOGETHER TO MAKE AN IMPACT B-Hive is a European collaborative innovation fintech platform that brings together major banks, insurers and market infrastructure players. Together, we work on common innovation programmes and build bridges between our corporate partners and our startup and scaleup community members. We aim to put Brussels on the map as the smart gateway to Europe and leverage on the opportunities offered by the digital transformation for the financial services industry. We believe that building bridges between important fintech hubs and the Eurozone enables both European and non-European companies to grow and expand.
Networking events We offer different events during the year, where we connect our members with our partners. We have monthly events about a certain subject, where everyone in our ecosystem can get a spot to pitch their idea or company. We also organise a big conference at the end of the year and some catered events around booming topics. All this is so that we can offer our members the best possible opportunities to broaden their network and reach. Of course we also work together with other European hubs so that the reach is practically limitless.
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Funding
We co-host multiple funding events during the year. This is mostly focussed on funding up to â‚Ź150,000, but we see that it works for some of our members who are in need of investments.
Programmes To make our members ready for the coming years, we offer the possibility to follow two programmes throughout the year. The first one to boost their knowledge about cybersecurity in the 'Trusted FinTech Program'. The ones who graduate receive a certificate. The second one is the 'Oracle FinTech Program' where different fintechs collaborate with Oracle to build a joint go-to-market model in order to scale their business internationally. Next to the events and programmes, we also share knowledge from our members to different partners. This is through newsletters, roundtables, open office hours and monthly partner updates. If you want to know more about the B-Hive membership visit b-hive.eu/ membership.
TAKING ON NEW
CHALLENGES
With Adrian Cannon, The Fintech Power 50's Head of Advisory 2019 is likely to be a key year in the fintech sector as some of the earlier ventures mature into significant businesses with strong brand recognition and growth. These successes encourage investors to find the next generation of entrants that will become the successes of the next five years. However, many fintech companies fail to achieve their full potential as they struggle to achieve 'take-off speed' and attract the talent, investment, support and customers they need. At a recent Fintech Power 50 (FP50) event, held to discuss what investors are looking for, the panel agreed that a major factor is a belief that the people involved can deliver the business plan despite the challenges they will face. Success demands a combination of single-minded determination and focus with the ability to bring people with you on a difficult journey with an uncertain outcome. It is often the way that unexpected challenges and opportunities are handled that makes the difference between success and failure. Investors also look for business ideas that they intuitively understand. As the fintech revolution pushes deeper into legacy territory the focus is on areas that are less well understood. For example, problems of compliance and risk management are specialist areas and less obvious ways of disrupting old business models. Finding ways of articulating their ability to disrupt existing players or support those same players in more effectively competing in the age of fintech are key to attracting investors and customers alike. A common factor between success and failure is pace and momentum. A business
that achieves a continuous stream of positive achievements gains a market momentum that is inherently attractive. For investors it shows the ability to continuously focus and execute. For potential talent looking to join the business it reinforces their view that they are joining a winning team that is on a mission and for customers it is reassuring that they are not alone in their belief in the product or service. Once achieved, this momentum makes every subsequent step a little bit easier.
The Fintech Power 50 provides a network of support and market connections Doing all this is made challenging by the constraints that are inevitable at key moments in a business’s lifecycle. The Fintech Power 50 provides a network of support and market connections that can make it easier to overcome them. As FP50’s newly appointed Head of Advisory, I am looking forward to adding to the support that is available. The support that can be provided will depend on a firm’s maturity. In broad terms, it ranges from how to communicate your value proposition to investors; adding talent to your teams on an advisory basis; challenging your teams to think and act differently and providing support at times when it's essential to accelerate progress without adding long-term cost. Having built a few businesses and been through the endlessly exciting challenge of getting them to stand up in the market and make a difference, I appreciate the effort it takes and look forward to discussing your challenges and how we can solve them. WWW.THEPOWER50.COM | 7
ONESTOWATCH THE A-Z OF FINTECHS TO WATCH AccountStore 33 AEVI 34 aixgo 8 Alyne 17 AU10TIX 21 Avenews-GT 26 Bankable 10 Bottomline Technologies 18 Calcabis 30 Clausematch 32 Contis 14 Coupa 24 CREALOGIX 19 CreditEnable 16 Currencycloud 23 Divido 22 FinCom.Co 23 FingoPay 20 Fire 30 Five°degrees 30 Flexmoney 19 Flybits 8 Form3 9 Funding Options 16 GPS 24 Heliocor 29 IDnow 17 Imburse 22 Innovative Assessments 13 Jumio 12 Keepabl 28 Konsentus 12 KYC Portal 20 Meniga 32 Modularbank 24 MonetaGo 14 NEO 20 Novastone 18 OakNorth 30 Pi Pay 10 Radix 28 SafeGold 25 Signzy 16 Soldo 12 StepLadder 32 StreamMind 26 Tangem 34 Token 21 Trusek 27 Yoti 27
WHO WE ARE aixigo is one of the largest independent international providers of software for financial institutions. The digitalisation of wealth management and investment advisory is at the heart of its innovations. We believe that digitalisation will reshape the banking industry dramatically. With our technology we enable innovation leaders in digitalising all aspects of the personal investment business. Millisecond
WHO WE ARE Flybits helps banks address customer expectations for personalised experiences that meet their day-to-day needs and life goals. Our contextual recommendation engine transforms digital channels by delivering hyper-personalised products, services and content when their customers need it most. Founded in 2013 by Dr. Hossein Rahnama and his team of computer scientists at Ryerson University, Flybits launched as the world's first cloud-based context-asa-service™ solution. As our company and platform evolve, our core commitment to science and research continues to fuel our growth. Coupled with a mindset toward creative innovation, this DNA has contributed to our family of patents, our approach to advancing AI and the ongoing development of our product. At Flybits, we empower enterprises to connect with their customers more meaningfully through hyper-personalised experiences, powered by contextual
responses combined with big data scalability are the foundations of our API first approach. Precisely tuned algorithms and in-memory computing reframe the possibilities of new investment solutions. The aixigo API platform is the foundation of all innovations. It offers more than 100 services for various customer experiences. aixigo was founded in Aachen in 1999 and employs a total of 120 people. Among the largest customers to be mentioned are BNP Paribas, Targobank and Commerzbank.
AT A GLANCE WEBSITE: www.aixigo.de/en TWITTER: @aixigo
intelligence. We aggregate disparate sources of relevant public and proprietary data without technical hassle, enabling Fortune 500 organisations to build sophisticated and evolving customer engagement programs with ease. Leveraging unique and patent-protected AI and machine learning capabilities, experiences created through our platform become increasingly effective in delivering success. From driving product awareness to offering virtual concierge-style services, enterprises across the globe are using Flybits to add significant value to the lives of their customers and preparing themselves for the new data economy.
WHO WE ARE Form3 was founded on the belief that we can create better experiences for customers and their users when moving money globally. Our mission is to leverage technology to lower barriers and open up clearing and settlement scheme access to financial communities in order to move money in real-time. By combining cutting edge micro-services technology and APIs backed with decades of banking and payments expertise, Form3’s end to end, cloud-native, payments platform enables access to payment schemes and real-time transaction processing through a single API. The cloud-native nature of the Form3 platform means that as customers grow, they can scale their mission critical payments environment quickly and easily. It’s all automated, no hardware, no software and the service is fully managed by our 24x7 operations. What makes Form3 relevant today and in the future is that we continue crafting payment technology solutions that make moving money faster, easier and more economical for financial institutions in their home markets and across borders. By removing the technology and engineering burden from customers, it means they can focus on delivering new propositions and an enhanced experience to their users. Our customers include UK, European and US banks, payment institutions, card payment processors and licensed fintechs, including Tier 1 global brands.
AT A GLANCE WEBSITE: www.form3.tech TWITTER: @F3FinCloud
AT A GLANCE WEBSITE: Flybits.com TWITTER: @flybits
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ONESTOWATCH WHO WE ARE WHO WE ARE Pi Pay has brought the cashless payments revolution to Cambodia, leading the way in demonstrating the safety, convenience and practicality of digital payments and financial services in a country with a traditionally large unbanked population. Through innovative marketing campaigns, great merchant partner selection, CSR initiatives and dynamic leadership, we are blazing the fintech trail in Cambodia. In the two years since launching, Pi Pay has gained almost 300,000 regular users and seen close to $200million transferred via the platform. Our authorised status with regional payments giants Alipay, WeChat Pay and UnionPay is ensuring cashless payments in Cambodia are secure, legal and convenient for users and merchant partners alike. With a focus on the future digital needs of the country, we actively support entrepreneurs and small business owners to provide the products and services that Cambodians need – including bill payments, phone top ups, ecommerce and digital wallets – and our app is constantly evolving to meet the rapidly changing demands of consumers in Cambodia. The fintech landscape in Cambodia is genuinely exciting and Pi Pay is proud to be at the forefront of driving innovation, collaboration and financial inclusion in this country of infinite possibilities.
AT A GLANCE WEBSITE: www.pipay.com TWITTER: @pipaycambodia 10 | WWW.THEPOWER50.COM
“Bankable designs, builds, runs and operates the banking platform of the future. I founded Bankable to provide transparency and real-time capabilities 24/7/365 with 100 per cent uptime reliability for corporate and banking's end customers." Eric Mouilleron, founder & CEO, Bankable Founded in 2010, Bankable is a global architect of innovative banking solutions – thanks to a secure and scalable middleware platform and ecosystem. Bankable offers a modular approach to banking by which turnkey and bespoke banking solutions are developed and deployed. With Bankable, financial institutions, fintechs, corporates and marketplaces have access to virtual or physical card programs, real-time (i.e. FPS, SEPA, STEP2, BACS and SWIFT) payments, cross-border payments, e-ledgers and account solutions. Bankable can power any product or service which involves collecting funds, storing funds and paying funds irrespective of the currency and the payment methods. Solutions are available in white label or via APIs. The platform is completely agnostic to the client’s use case, its geographic footprint and pre-existing IT landscape. Bankable fosters long-lasting partnerships with its clients starting from its single commercial agreement model to its pay-as-you-grow structure. Get in touch with Bankable to kickstart your digital banking journey!
AT A GLANCE WEBSITE: www.bnkbl.com TWITTER: @wearebankable
End-to-end identity verification. The AI-powered KYC solution you’ve been looking for is here.
A total solution to know and trust your customers online.
Certified liveness detection
AML/KYC compliance
Biometric-based authentication
PEPs/sanctions screening and monitoring
When Identity Matters jumio.com ID VERIFICATION | IDENTITY VERIFICATION | AML SCREENING AUTHENTICATION | DOCUMENT VERIFICATION
WHO WE ARE
WHO WE ARE
Konsentus provides third party provider (TPP) identity & regulatory checking, ensuring financial institutions (FIs) are PSD2 Open Banking compliant. Under PSD2 Open Banking, a FI cannot deny access to a TPP if they are appropriately regulated; but how do they know if they are who they say they are and appropriately regulated. Delivered through a SaaS-based solution using restful APIs, Konsentus operates across all 31 national competent authorities working with the EBA TPP register and 70+ QTSPs to ensure FIs never provide data to unregulated TPPs. Konsentus offers three services which are all supported by an immutable audit log.
When identity matters, trust Jumio. Thanks to the dark web, phishing attacks and social engineering, it’s increasingly difficult to know if someone is who they claim to be online. Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through end-to-end identity verification solutions that quickly and accurately connect a person’s online and real-world identities. Leveraging advanced technologies, including augmented intelligence, AI, biometrics, machine learning, certified 3D liveness detection and human review, Jumio helps modern organisations fight fraud, maintain compliance (KYC, AML and GDPR) and onboard good customers faster. Jumio’s solutions are used by leading companies in the financial services, sharing economy, digital currency, telcos,
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TPP REGULATORY CHECKING Konsentus holds a register of all regulated entities across Europe. Every time a TPP attempts to access an FI's 4 | WWW.THEPOWER50.COM Open Banking API, Konsentus checks in real-time the regulated status of the TPP and advises the FI as to what regulatory status is held and for what services.
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EIDAS CERTIFICATE CHECKING Konsentus validates a TPP's eIDAS certificate(s) in real time via the relevant QTSP. This gives the FI confidence that the TPP connecting to its Open Banking API is a PSD2 recognised service provider (i.e. proven identity).
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OAUTH2.0 TOKENISATION ISSUANCE & MANAGEMENT SERVICES For certain Open Banking services, PSD2 schema require FIs to issue OAuth2.0 tokens (access tokens) to TPPs.
AT A GLANCE WEBSITE: www.konsentus.com TWITTER: @konsentusOB
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WHO WE ARE Soldo, the London-based fintech, offers payment and spend management services to businesses. Soldo’s simple and effective solution enables companies to continue using their legacy bank accounts but provides a dedicated spending account that leverages best in class technology to pre-emptively control and streamline the expense management cycle through smart payment cards and an intuitive user app that enables transaction data to be recorded at the point of purchase and all data integrates seamlessly with business accounting software. In November 2018, Soldo launched a best in class integration with Xero and is the only expense app globally with an automatic bank feed into Xero. The direct integration
ONESTOWATCH healthcare, travel and online gaming sectors across more than 200 countries and territories. Jumio is the global leader in this space and has verified more than 180 million identities to date. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation, including a place in Fast Company’s prestigious annual list of the 'World’s Most Innovative Companies'.
AT A GLANCE WEBSITE: www.jumio.com TWITTER: @jumio
allows for further streamlining of a business's payment and accounting systems. In March 2019, Soldo was only the third company ever to be granted an e-money licence from Ireland’s Central Bank, enabling Soldo to continue serving its customers based in the European Union in the event of Brexit. Soldo’s growth skyrocketed 500 per cent in 2018 and currently has more than 60,000 customers.
AT A GLANCE WEBSITE: www.soldo.com TWITTER: @Soldo
WHO WE ARE Innovative Assessments (IA) believes that in the world of financial services, people should be judged not only on their credit histories, but on their characters as well. That’s why it developed Worthy Credit. Worthy Credit is a proprietary platform that uses cutting-edge psychometrics and machine learning to assess creditworthiness based on a borrower’s personal character. Worthy Credit is administered as a brief three to four minute fraud-resistant questionnaire that integrates seamlessly into any lending platform, without collecting any personally identifiable data. It is designed to provide lenders WWW.THEPOWER50.COM |5 with an additional layer of credit data that complements traditional credit scores for better lending decisions among the underbanked. Overall, Worthy Credit facilitates financial inclusion by helping lenders approve more loans among the underbanked, while also helping more good people qualify for the affordable credit they deserve. In the past two years, Worthy Credit has tested more than half a million people in 16 countries that span across Africa, Europe, the Americas and Asia. Its results have been very positive, providing significant lift to lenders’ current models and helping them increase loan approvals by more than 20 per cent, while still maintaining good repayment rates.
AT A GLANCE WEBSITE: www.iassessments.com LINKEDIN: www.linkedin.com/ company/innovative-assessments WWW.THEPOWER50.COM | 13
ONESTOWATCH WHO WE ARE Contis provides a banking and payments platform that clients white label either by skinning Contis's own user interface or using Contis's extensive API suite. Contis provides access to full UK and SEPA banking rails and issues and processes debit and prepaid payment cards throughout the EEA. Its platform is fully configurable (so clients need only buy what they require) and proprietary which means it doesn’t rely on multiple third-party providers (eg. BIN sponsors, card issuers, payment processors) for delivery. Contis has an e-money licence and is a principal member of Visa. It enables its clients
WHO WE ARE MonetaGo develops and deploys programmatic networks required for digitisation of financial processes. The first financial network for fraud mitigation was integrated with all receivables exchanges (TReDS) mandated by India’s Reserve Bank in March 2018 and is the world’s first private permissioned blockchain network in production. This platform enables institutions to avoid double financing of invoices. SWIFT India is currently integrating this service to be accessed through its own terminals for its member banks. Similar networks are currently in development for Latin American countries. A second programmatic network for the $500billion Indian commercial paper market is being piloted with banks and issuers with rollout planned this year. MonetaGo 14 | WWW.THEPOWER50.COM
to build and launch banking and payments products to market in as little as four weeks. Contis has featured in the FT1000: Europe’s Fastest Growing Companies list for the last two years running and the Sunday Times Tech Track 100 fastest growing private UK technology companies.
AT A GLANCE WEBSITE: www.contis.com TWITTER: @Contis_
provides both API-based connectivity as well as web portals depending on client needs. Supported by a transaction based pricing model, there is no CapEx involved for customers. MonetaGo began assisting the Reserve Bank of India’s IDRBT research into blockchain in 2016 by providing real networks for testing. MonetaGo has since joined forces with WIPRO and R3 to help accelerate live deployments that are growing in scale and scope. MonetaGo's management have been speakers at Consensus, Money 20/20 and Corda Day and has featured in publications, including Barron’s, American Banker and Business Standard.
AT A GLANCE WEBSITE: www.monetago.com TWITTER: @monetago
T HE U LT I MAT E PAY ME N TS TO U CH PO INT Int roduci ng t he Burg o p ak p ay m e nt s p a c ka g i n g ra n g e. S i x i n n ovat ive s olut ions d e si g ne d to m axi m i se b rand i n g a n d en g a g e t h e co n s u m er. E ac h hold a uniq ue unve i l i ng m e chani sm yo u wo n ’ t f i n d a nyw h ere el s e. Ma ke an impre ss i on. P ro m o te i nte ract i o n. Re i n fo rce yo u r b ra n d va l u es .
Re q ue st your f re e s a mp le tod ay. WWW. B UR G O PA K.CO M | I NFO@BURGOPAK.COM | +44 (0)20 7089 1950
WHO WE ARE
WHO WE ARE
CreditEnable is a global credit insights and technology company that enables intelligent lending to SMEs. CreditEnable offers a suite of credit analysis tools on a cloud-based platform that are designed to improve speed, efficiency, consistency and decision-making in the SME lending process. For SME lenders, CreditEnable provides origination and credit analytics solutions to help facilitate intelligent and efficient growth. For SMEs, CreditEnable provides tools to help prepare for and access affordable debt. We aspire towards a transparent and vibrant global financial marketplace where SMEs and lenders can find their right match. Our vision is to create the first global marketplace for SME lending.
Signzy helps financial institutions make their digital regulatory processes simple, secure and compliant. This is achieved by providing human-like fraud detection using artificial intelligence and blockchain. This innovation has been recognised several times in our journey including awards from Indian Banking regulator – Reserve Bank of India (Jul 16,18), IBM (Aug 16), Thomson Reuters (Nov 16), Forbes (Jan 17), HDFC Life (Mar 17) and Monetary Authority of Singapore (Nov 17). Signzy works with more than 50 clients, including the top public, private sector banks, as well as large NBFCs. We help banks address risk and compliance through automation using our AI-based products and today work with SBI, ICICI, HDFC, IndusInd and others. Our products allow risk and pattern finding through cognitive checks on documents and pattern finding on transactional data.
AT A GLANCE WEBSITE: www.creditenable.com TWITTER: @CreditEnable
WHO WE ARE Funding Options is the UK’s leading marketplace for business finance. We help small businesses walk tall by finding them the right funding for their situation – whether they're fighting for survival, looking to grow, or simply need finance to pay a tax bill. We exist because each year, millions of firms don’t fit traditional bank lending. Using online comparison technology, Funding Options makes it fast, easy and transparent for businesses to access the right alternative finance. Each year, we deliver more than £100million in vital funding to thousands of small and medium businesses. A leading fintech and member of the 16 | WWW.THEPOWER50.COM
AT A GLANCE
WEBSITE: www.signzy.com TWITTER: @TeamSignzy
UK's Upscale programme for high-growth technology firms, Funding Options is one of the winners of Nesta’s Open Up Challenge for Open Banking and has been designated by HM Treasury for the Bank Referral Scheme, to help UK businesses find alternative finance when they’re unsuccessful with the major banks.
AT A GLANCE WEBSITE: www.fundingoptions.com TWITTER: @FundingOptions
ONESTOWATCH WHO WE ARE
WHO WE ARE
With its identity verification-as-a-service (IVaaS) platform, IDnow has set out to make the connected world a safer place. IDnow’s unmanipulable identity verification is used across industries conducting online customer interactions that require a high degree of security. IDnow uses artificial intelligence to check all security features on ID documents and can therefore reliably identify forged documents. Potentially, the identities of more than seven billion customers from 193 different countries can be verified in real time. IDnow covers a wide range of use cases both in regulated sectors in Europe and for completely new digital business models worldwide. The platform allows the identity flow to be adapted to different regional, legal and business requirements on a per use case basis. IDnow is supported by venture capital investors BayBG, Seventure Partners, G+D Ventures and Jet A as well as a consortium of renowned business angels. Its portfolio of more than 250 customers includes leading international companies from various industries, such as Bank of Scotland, BNP Paribas, Commerzbank, Eventim, Sixt, solarisBank, Telefónica Deutschland, UBS, Western Union and Wirecard as well as fintechs, including Fidor Bank, N26, smava and wefox.
Alyne is a next generation B2B regtech/ fintech offering organisations extensive capabilities in managing their governance, risk and compliance processes through a software as a service (SaaS) platform. Alyne enables all industries of all sizes to gain actionable insights through our content-rich library of structured controls and risk information, all linked to relevant regulations, laws and standards. Our technology and content is created by industry experts with extensive knowledge, enabling organisations to confidently and effectively manage the GRC landscape, in an all-in-one platform. Alyne was founded in 2015 in Munich and has since expanded to more than 30 global employees with fully operational offices in London, Melbourne and New York, servicing more than 40 global customers. Alyne was part of the Barclays Techstars Accelerator Programme in 2017 and was awarded the UBS Future of Finance Award of CTOs in 2017. Alyne is a proud founding member of the International RegTech Association and was also granted the GRC 20/20 User Experience Award. At Alyne, our mission is to equip organisations with the tools, insight, expertise and actionable strategies they need to confidently navigate their organisation into a future of governance, risk and compliance.
AT A GLANCE WEBSITE: www.idnow.io TWITTER: @IDnowGmbH
AT A GLANCE WEBSITE: www.alyne.com TWITTER: @alyne
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ONESTOWATCH WHO WE ARE If money is the lifeblood of the economy, then Bottomline Technologies provides its financial heartbeat. Our company helps banks, corporate and government bodies to securely move money, transmit financial messagesand digitally capture and communicate financial documents. Core to our heritage is our unique ability to automate this end to end financial process, increasing visibility, control and security of payments. We are a vital part of the global financial system: 65 of the Fortune 100 companies and nearly 80 per cent of FTSE 100 companies depend on Bottomline Technologies for their financial transactions. Focussed on improving financial health and liquidity, our mission-critical solutions help businesses to pay and get paid in a simple, smart and secure way. As companies large and small send and receive payments, we help them to comply with all national and
WHO WE ARE Novastone is a London-based, international financial technology company that builds privately hosted or on-premise white label messaging solutions for high value client interactions in corporate, wealth and retail banking. Novastone’s secure, mobile-centric instant messaging platform is designed for firms that deliver a high-touch, personalised client experience through relationship teams. Novastone helps the financial industry transition clients from email while complementing WhatsApp and WeChat channels to a wholly owned, controlled and compliant platform. It also supports
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European regulations, and protect them from fraud and regulatory risk. Adapting to an evolving payment landscape, our advanced technologies deliver simplicity, scalability, security and speed. Based on our deep market knowledge, we innovate and deliver game-changing solutions designed to automate the payment flow, improve visibility and delight customers. We constantly anticipate, set and respond to changing industry demands and organisational needs. Bottomline Technologies helps organisations make complex business payments simple, smart and secure.
AT A GLANCE WEBSITE: www.bottomline.com/uk TWITTER: @bottomlinetech
the transition of processes from paper and portals into conversations that realise significant costs savings while improving internal and external collaboration. Novastone has been deployed at banks around the world representing more than $4.2trillion of global assets.
AT A GLANCE WEBSITE: www.novastonemedia.com TWITTER: @novastonemedia
WHO WE ARE The CREALOGIX Group is a Swiss Fintech 100 company and is among the global market leaders in digital banking. CREALOGIX develops and implements innovative fintech solutions for the financial institutions of tomorrow. Using digital solutions from CREALOGIX, banks, wealth managers and other financial institutions can better respond to evolving customer needs in the area of digital transformation, enabling them to hold their ground in a very demanding
WHO WE ARE Flexmoney provides instant purchase credit as a digital service to lenders and merchants. Our platform InstaCred is India’s first full-stack digital credit platform, enabling reputable lending partners (banks and non-bank financial companies) to offer instant digital credit at point of purchase. Our aspiration is to be the next gen digital platform powering the consumption credit ecosystem across India, SE Asia and adjacent markets. Our vision is to understand and fulfil the consumption and financial intent of the digital consumer generation. Flexmoney is founded and run by a passionate team with deep experience in building software and consumer internet products, point of sale lending, retail banking and retail credit across India and international markets. India is the last major consumer market consisting of young consumers with rising incomes and aspirations, going through a massive smartphone-led, digital transformation. Ecommerce is exploding as the young generation embrace online shopping to fulfil an aspirational, consumption driven lifestyle. They require a reinvention of consumption credit from the legacy products in the market (i.e. credit cards, personal loans).
and dynamic market while remaining ahead of their competitors. The group, founded in 1996, has more than 700 employees worldwide. The shares of CREALOGIX Group (CLXN) are traded on the SIX Swiss Exchange.
AT A GLANCE WEBSITE: www.crealogix.com TWITTER: @CREALOGIX_en
However, no mass market digital credit instrument currently exists to satisfy this emerging demand. Traditional lenders who account for more than 900 million existing account relationships in the offline world, are unable to offer an instant, digital credit instrument due to a combination of legacy products, systems and processes, and a lack of digital DNA and point of sale distribution. Flexmoney’s mission is to be the dominant trusted consumption credit platform to the digital ecosystem. Lenders benefit by being able to quickly offer an entry level, branded digital credit instrument to any user at significantly lower costs along with turnkey credit distribution across a merchant network. Merchants benefit by offering instant point of sale credit to the vast majority of consumers who don’t possess a credit card, with the added benefit that the credit is underwritten and branded by reputed lenders in the ecosystem.
AT A GLANCE WEBSITE: www.flexmoney.in
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WHO WE ARE KYC Portal (KYCP) is a product that is changing the dynamics of how KYC and due diligence is conducted. A product that allows a company to merge all the various steps throughout the entire lifetime of due diligence into one common platform. KYCP allows for the automation of back-office processes. What is currently done by teams of humans, such as collecting documents, assessing risk, checking client responses, checking for PEPs and sanctions, communicating with clients and the entire process all throughout reviews, is all streamlined through KYCP, allowing for increased efficiencies (both in processes and cost) while reducing the overall risk exposure of the company. KYCP has one of the most unique features on the market, whereby it is all running on a
dynamic configuration engine which allows the compliance team to be able to define and tweak the entire regulatory process at any point in time – not only at company level but at product or service level. This is a key feature, considering that the regulatory process in which due diligence happens is so volatile – be it due to different jurisdictions, perception of risk, different products / services being offered but mostly the constantly evolving regulatory requirements.
AT A GLANCE WEBSITE: www.kycportal.com
WHO WE ARE NEO is a FX risk management solution 100 per cent designed for corporate treasurers. From high growth startups to multinationals, we advise clients in reducing transaction costs and boosting efficiency. With NEO any corporate can easily define a FX management policy, access ultra-competitive FX rates, hedge FX risk more than 90 currencies and automate both execution and reporting. NEO offers a complete FX market access: spot, forwards, swaps and options. All in a single platform: multi-currency wallets, FX alerts, transparent pricing, market rates in real time, no limit in transaction history, complete documentation centre. Enjoy total flexibility and completeness of information from anywhere. Inside the box you constantly get the coolest features your bank will never offer. Our feature list keeps growing every month so you are always up to date. 20 | WWW.THEPOWER50.COM
NEO is 100 per cent plug and play. This means being live in 24 hours, nothing to install, no IT involvement – the finance department takes control back. And, just because disruption cannot come at the cost of safety, NEO is fully regulated for hedging activities under MIFID2 and we apply the highest standards in IT security. NEO was founded in 2017, we are 100 per cent independent from banks. We operate from Barcelona, London, Paris and Warsaw.
AT A GLANCE WEBSITE: www.getneo.com TWITTER: @GetneoNews
ONESTOWATCH WHO WE ARE Fingopay enables speedy, simple and secure transactions with just a scan of your finger. Fingopay uses Hitachi’s VeinID technology to prove identity and pay using finger veins – ensuring fast, safe, secure transactions with no need for cash, cards or phones. Using Hitachi VeinID technology, customers can register to associate their vein signature with their bank card and then use their finger to pay in seconds. The registration journey takes just three minutes. An account is created via the Fingopay web portal and completed when a new user enrols their finger vein biometric at a Fingopay enabled merchant. At tills, a harmless infrared light maps your unique vein pattern, verifying payment in two seconds. As no card or mobile is needed it’s quicker than any other payment method. Unlike fingerprints, vein patterns leave no trace and can’t be copied, making it ideal for high security biometric authentication. Fingopay has partnered with Worldpay, Cardstream, Nets and Hitachi to take the solution to market in the UK and Denmark.
AT A GLANCE WEBSITE: www.fingopay.com TWITTER: @Fingopay
WHO WE ARE AU10TIX is the forerunner of second generation ID authentication and onboarding automation. AU10TIX technology powers global brands, such as PayPal, Google, Visa, BBVA bank, Payoneer, eToro, Coinbase and others. AU10TIX second generation technology enables 100 per cent automated forensic-level ID authentication, multi-modal biometric face-matching, POA/POR processing and data verification and KYC screening. Unlike first generation solutions, AU10TIX second generation technology features forensic-level forgery, counterfeiting and collateral risk detection; up to 300 per cent higher conversion rates for borderline quality images; multilingual document support and rapid-response actionable exception reporting – all at average processing speed of eight seconds or less. AU10TIX automation helps improve customer conversion rates, increase effective traffic handling capacity, reduce operating costs and boost operating efficiency – all while enhancing fraud prevention and improving robustness of regulatory KYC compliance. AU10TIX is a subsidiary of ICTS International N.V, one of the world’s leading airport security companies for more than 30 years.
AT A GLANCE WEBSITE: www.au10tix.com TWITTER: @AU10TIXLimited WWW.THEPOWER50.COM | 21
ONESTOWATCH WHO WE ARE Divido is a multinational white-label platform for point-of-purchase lending; enabling retailers to unlock buying power and lenders to extend a new line of credit at the point of need. Lenders and payment providers licensing Divido’s technology can expand their loan portfolios and grows transaction revenue. More than 1000 partners work with Divido, including BNP Paribas, Nordea Finance, BMW, Lenovo and Mastercard. Divido connects with multiple lenders to deliver high accept rates and low fees. The platform is also omni-channel, available online, in-store and via mobile, and works across multiple countries through one integration.
Backed by Mastercard and American Express Ventures in its latest funding round, Divido has a vision to become the world’s largest platform for point-of-purchase finance. Divido has been recognised by Google, Forrester and the UK Government as leading innovation in the finance and retail industries.
AT A GLANCE WEBSITE: www.divido.com TWITER: @Divido
WHO WE ARE Imburse, the universal payments connector, a Swiss startup operating globally, operates a 'payment as a service' platform that significantly simplifies all topics relating to payments for companies. Through its unique API platform, Imburse helps companies seamlessly connect to all payment technologies (collect or pay out) in any market and leverage payments as a source for competitive advantage and growth enabler. The integration of Imburse’s technology via a unique API gives companies the flexibility to effortlessly test, choose or alter the payment methods best suited for the business, product or journey. A single reconciliation and reporting source at group or entity level make full, real-time transparency a reality. Once part of the Imburse payments ecosystem companies will never again have to worry about the technical aspects of payments and future proof their system from always-changing payments offerings.
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We help companies reduce costs significantly, increase system and process efficiencies dramatically, modernise systems rapidly and deploy brand new customer journey and products. Active in Switzerland, Germany and the UK, the startup is working to broaden its reach so as to include Portugal, Spain, Benelux, USA and Canada by year end. Never again worry about payments, connect to Imburse now!
AT A GLANCE WEBSITE: www.imbursepayments.com TWITTER: @ImburseAG
WHO WE ARE Currencycloud’s enterprise-class technology is unlocking the global economy for payment platforms of the future. Its B2B cross-border cloud-based infrastructure enables businesses to deliver an awesome experience to their customers through one simple and flexible API connection. Launched in 2012, Currencycloud is based in London and is regulated in Europe, the US and Canada, and has processed more than $50billion to more than 180 countries. Currencycloud works with banks and fintechs globally and currently has more
WHO WE ARE FinCom.Co’s AML solution halts money laundering for banks, financial institutions and brokers using phonetic fingerprint technology. FinCom.Co is an Israeli-headquartered global startup which developed the first automated advanced phonetic-based database information matching engine; with solutions ready for a range of applications, including AML, CFT and GDPR. Using advanced mathematics to develop its proprietary phonetic fingerprint technology, together with its AI machine learning and fuzzy logics suggestion engine, this enables FinCom.Co’s customers to immediately match names and entries between databases. “Small to medium banks spend more than $100million annually to fight AML, which in turn costs the consumer. Our solution is fast, accurate and efficiently minimises the risk businesses face,” says Gideon Drori, CEO & Co-founder at FinCom.Co. “The need for such solutions is key for businesses to remain compliant with current and future AML directives which can see individuals within organisations prosecuted for any wrongdoings.”
than 350 customers, including Starling Bank, Standard Bank of South Africa, Travelex and Klarna.
AT A GLANCE WEBSITE: www.currencycloud.com TWITTER: @currencycloud
Proven to reduce false positive results by more than 90 per cent, FinCom.Co’s phonetic fingerprinting technology, combined with artificial intelligence and multi-dimensional processes, can search records in more than 25 languages. By converting names and other records, such as country of origin and date of birth, into mathematical sequences, the platform compares results with records across a host of sanction and blacklist databases, including OFAC (US) and HMT (UK), and enables organisations to significantly enhance efficiencies, while improving the accuracy of searches.
AT A GLANCE WEBSITE: www.fincom.co
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WHO WE ARE Coupa is a comprehensive cloud-based all-in-one business spend management platform. From procurement to expenses, strategic sourcing to spend analysis, Coupa is the only business spend management platform that empowers users to spend smarter and maximise the value of every dollar their businesses spend. Today, Coupa manages approximately £500billion for its customers and this is projected to double in the next two years. Coupa Pay is the latest addition to the Coupa Platform, enabling a one-stop-shop for all B2B payments and financing. Coupa Pay is seamlessly built on the Coupa Platform, helping customers to pay smarter and having full control and visibility of that spend. Under the 'Coupa Pay' brand different payment and financing solutions are offered. Virtual card payments, digital checks, domestic and cross-border money transfer, as well as early pay discount and supply chain finance solutions are all currently featured in the product. The Coupa Pay offering is constantly extended with new features being released on a regular release cycle and Coupa ensures its customers have a seamless end-to-end experience by closing agreements with major financial industry players, such as Barclaycard, JP Morgan Chase and others soon to be announced.
AT A GLANCE WEBSITE: www.coupa.com TWITTER: @Coupa
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WHO WE ARE Global Processing Services (GPS) is the issuer processor enabling many of today’s most high-profile fintech innovators and disruptors. It is certified by Mastercard and Visa to process and manage any credit, debit or pre-paid card transaction globally. GPS enables the emerging payments industry to deliver breakthrough innovations through a unique combination of proprietary technology, its people and partners.
WHO WE ARE Modularbank is a fully-functional banking-as-a-service platform. It has everything your bank or credit institution needs for compliant day-to-day operations. For new financial institutions, Modularbank offers a retail banking solution off the shelf. For existing ones it’s perfect for: ■ Launching business lines or replacing legacy systems ■ Introducing new services without replacing existing systems ■ Launching new loan and deposit products without development ■ Getting a real-time view of your banking business. The platform is based on microservices architecture. Each module is a separate service offered over APIs. Modularbank works under multi-region, multi-tenant, multi-process and product configuration setup. It allows serving
ONESTOWATCH At the heart of its capability is GPS VApex, its single global issuer processing platform. Built entirely by its own payment experts, GPS Apex offers easy integration with issuers, programme managers, card manufacturers and many other service providers. It has integrated with more than 40 issuing banks globally and operates programmes for 100+ clients in 60 countries using more than 150 currencies, enabling its clients to innovate and deliver exciting new value propositions for end users around the world.
AT A GLANCE WEBSITE: globalprocessing.net TWITTER: @GPS_Processor
customers in different time zones and jurisdictions. Both SaaS and in-house options are available. The functionalities include accounts, payments, cards, deposits, extremely dynamic loan module, collaterals and a financial event engine providing a real-time general ledger to the customers. Modularbank is built by Icefire – a company that has been designing and building award-winning software systems since 2002, mainly for clients in the financial sector. Icefire’s clients include Luminor, OP Financial Group, Swedbank, Nordea, LHV, Bigbank, Pocopay, Coop Pank, Nets, SEB, Arvato Financial Services and more.
WHO ARE WE SafeGold is on a quest to build a global ecosystem for a gold backed digital currency. Vault stored gold is sold to consumers who are given a digital token as their proof of ownership. These tokens are infinitely divisible, can be transferred as remittances, gifts, payment for goods and used as collateral for loans. In the 1.5 years since its launch in India, SafeGold has acquired more than 10 million customers and integrated with 18 different platforms, including banks, mobile wallets, jewellers and wealth managers. SafeGold is now in the process of launching across multiple countries in Asia and will provide users the chance to transact in a single digital currency across multiple countries. Users always have the option of seamlessly converting their digital tokens to physical gold through a widespread redemption network. The company is backed by leading institutional investors, including BEENEXT and the Singapore Angel Network.
AT A GLANCE WEBSITE: www.safegold.com TWITTER: @SafeGold_India
AT A GLANCE WEBSITE: modularbank.co TWITTER: @modularbank
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ONESTOWATCH WHO WE ARE
WHO WE ARE Avenews-GT provides a web platform powered by blockchain technology for the commercial trade of agricultural produce, where industrial sellers and buyers can conduct the entire trade process in a secure and transparent ecosystem. The platform integrates both agribusinesses and financial institutions into one digital ecosystem for agricultural trade. FOR AGRI-BUSINESSES Avenews-GT enables businesses to digitally manage their trade operations, reduce errors and get enhanced visibility, collaboration and intelligence for their business. FOR COMMERCIAL BANKS Avenews-GT enables banks to mitigate risks and provide financial services to the agricultural supply chain, based on immutable data gathered from their agri-clients. The first bank to join Avenews-GT was the second largest in Africa. From paper records to digital data, within just six months, more than 100 transactions generating more than $800,000 in sales of agricultural products, has become visible to the bank and this is only the beginning. The bank chose to implement the Avenews platform across its African market, which is estimated at $5billion by the end of 2021. Avenews-GT is an alumnus of the 2017 Barclays Techstars Accelerator in Cape Town and the winner of Citibank's Pitch In The Dark competition.
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StreamMind is a leading technology provider that allows both corporate financial institutions and enterprises to adapt and protect themselves in the fast-paced digital transformation. StreamMind has more than 10 years history supporting the biggest financial institutions in Europe with secure interbank transactional messaging, instant payments, verification and fraud prevention. StreamMind, reference software editor of the first inter-banking network, has launched ÂŤ LUCY Âť, a unique and agile solution that allows enterprises to secure their payments through a simple and instantaneous verification of the banking and personal details of their clients and suppliers. In the face of increasing cyberattacks, identity theft and attempted payment fraud, enterprises need to equip themselves with high performance and reactive digital tools, to help them respond to these issues. StreamMind launched LUCY as the first instant and fully digital KYC solution for financial institutions and enterprises. Streammind is at Money20/20 Europe on stand K20-7.
AT A GLANCE WEBSITE: www.streammind.com TWITTER: @Stream_Mind
WHO WE ARE Yoti is a global digital identity platform and free consumer app that gives you a simple, fast and secure way of proving who you are online and in person. Founded in 2014, Yoti began a mission to become the world’s most trusted identity platform. We’re committed to doing things differently to other tech companies, such as promising to never mine or sell your data. Yoti is designed so that we couldn’t even if we wanted to. The Yoti app combines your government-issued ID document with your biometrics to create a verified digital identity that you control using your phone. With a verified Yoti, you can prove your age online and purchase age-restricted goods in supermarkets, check the details of people you meet online and save time and money proving your identity to businesses. And our age estimation
technology, Yoti Age Scan, is a secure age-checking service that can instantly estimate your age by looking at your face. For businesses, our platform provides them with a faster, simpler and safer way to verify customer identities from more than160 countries in seconds. Yoti is also a multi-factor authentication system, helping to keep websites and customer information secure and GDPR-compliant.
AT A GLANCE WEBSITE: www.yoti.com TWITTER: @getyoti
WHO WE ARE Looking to launch a new financial product or service? One of your first decisions will be whether to develop your own account management platform or use an established platform. The advantage of building on an established platform is significantly reduced development time, cost and ongoing maintenance expenses releasing you to concentrate your resources on what you do best. You will still have all the flexibility to provide your unique service and add to this service without needing to worry about accounting, reporting, security and compliance. So, there are lots of software vendors out there, why choose Trusek? Trusek’s Core Account Management platform, built on a unique multi-currency account, is very flexible, configurable and scalable enabling you to expand into new geographical regions as your business
grows and manage the requirements of different jurisdictions. Trusek’s Connections Hub will connect multiple core platforms to create a network enabling instant transfers and payments, both domestic and cross border, creating a central management platform for settlement and treasury management. Additionally, the Connections Hub will provide a single point of integration to TPSPs to broaden the offering to your customers. A complete ecosystem on which to build your service and scale your business!
AT A GLANCE WEBSITE: www.trusek.com TWITTER: @trusek_ltd WWW.THEPOWER50.COM | 27
WHO WE ARE Keepabl is on a mission to solve your compliance headaches with smart and targeted use of tech, starting with its award-winning GDPR solution. GDPR made privacy a board matter, with fines of €20million or four per cent of global turnover if higher. It’s also now part of investor and customer due diligence. Keepabl’s SaaS solution makes GDPR simple, wherever you are in your GDPR journey, and empowers communications with your trusted advisers. From the very first step of creating your personal data inventory (which many financial services organisations find the biggest challenge) to instantly producing and updating the required reports and outputs, Keepabl is tightly focussed on helping you get the GDPR job done. Keepabl benchmarks your readiness, illuminates risks in your processing and instantly creates needed reports, such as your Article 30 records. Security is fundamental to GDPR and Keepabl’s breach module allows for easy recording of suspected breaches and rapid breach management, with email alerts to your security team, an instant breach log and guidance on what breaches need to be notified. Financial services (like all organisations) are finding GDPR a challenge. Keepabl’s privacy-as-a-service solution solves this pain point, giving you a great answer on GDPR for investors, auditors and customers.
AT A GLANCE WEBSITE: https://keepabl.com TWITTER: @Keepabl
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WHO WE ARE Calcabis utilises artificial intelligence to help companies meet their compliance needs. Calcabis believes that the knowledge needed is already anchored in your organisation’s personnel, but ever-increasing regulations, huge amounts of data, lack of resources and time pressures make it virtually impossible to reach these compliance demands. To accommodate that very challenge, Calcabis builds 'virtual experts' around your organisation’s most knowledgeable personnel and creates an AI workforce with abilities equal to a real human. This enables you to get a tailored neural network of AI virtual experts, customised to your organisation's IT infrastructure. We transform the knowledge of your internal experts into virtual experts and ensure that all valuable employees' knowledge is used to its full potential and never leaves your company. Our AI platform has its pedigree in a US healthcare company and has been developed
WHO WE ARE Radix is a new platform, like Bitcoin or Ethereum, but scalable and easy to build on. Instead of using blockchain or directed acyclic graph, we started from scratch with a completely new design so that every person and device in the world could use Radix without centralisation or compromise, solving the problems faced by every distributed ledger technology solution, from Bitcoin to IOTA. We are a new layer for the internet, where data, money and assets are part of the very fabric of the technology. It is scalable, easy to use and can be built and deployed via
ONESTOWATCH over the course of 14 years. Calcabis enables you to conduct processes in a more efficient and structured way while complying with legislation in particular areas at all times. With Calcabis Virtual Expert Platform, you can ensure that your company always uses the optimum processes and draws the right conclusions, allowing you to focus your efforts on other business-critical activities. Our platform can integrate all types of data sources, formats and human knowledge whether held in structured or unstructured form. We focus on your specific needs and requirements – in other words, our service will help your organisation safeguard your compliance.
AT A GLANCE WEBSITE: www.calcabis.com TWITER: @Calcabis_AI
API – no smart contracts required. We created building blocks, making applications, tokens and coins as easy to deploy as possible. It’s fast, it works and our test net is already live. Radix DLT was founded by Daniel Hughes, who invented both Radix and Tempo – its underlying engine comprised of the consensus algorithm and data architecture. Our current data structure is the result of six years of intense R&D, testing and searching for the best, linearly scalable infrastructure that can give anyone, anywhere friction-free access to the digital economy. We are The Foundation of Tomorrow’s Digital Economy.
AT A GLANCE WEBSITE: www.radixdlt.com TWITTER: @radixdlt
AT A GLANCE Heliocor’s mission is change the way the world does business; restoring trust. Our goal is to radically reduce the $100billion+ annual cost of fraud globally by building an anti-fraud ecosystem based on our existing product families. Heliocor’s foundation product is RoboliticsTM, a high-speed data analytics engine, that helps financial institutions manage their compliance more effectively and much more cheaply than other solutions. Its proven technology, using AI, neural networks and machine learning, is working in Tier 1, 2 and 3 financial institutions today. Heliocor also supports clients with know your client (KYC) and anti money laundering (AML) onboarding via its Dokstor suite of software. Dokstor is available in API/iFrame (linked to RoboliticsTM) and app formats (in both the Play and App Stores). Based in London, with a technical development centre in Barcelona and a sales office in New York, Heliocor has been designed to be a global business – we already have an international client base and will shortly be opening offices in China and the Middle East. Combining the two developed and delivered products with the leveraging power of blockchain, Heliocor intends to build the world’s first global anti-fraud ecosystem. This will radically reduce and potentially eliminate identity fraud.
AT A GLANCE WEBSITE: https://heliocor.com TWITTER: @HelioDID
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ONESTOWATCH WHO WE ARE
WHO WE ARE
Token's Open Banking and digital money platform, TokenOSTM, is modernising the world's payment systems with lower cost and instant money movement. Token integrates with existing infrastructure, keeping businesses at the centre of the new payments value chain and creating a more secure user experience. Token solves the widespread fragmentation in the Open Banking market with a single API to access banks – 'one API to rule them all' – connecting banks-to-banks and TPPs-to-banks faster than any other solution on the market. Token's Open Banking API delivers consistent, scalable access to more than 4,000 banks for lower cost, frictionless payment initiation and allows banks and businesses to maintain a competitive advantage in today's API economy. Token is a recognised industry leader, named FinTech Startup of the Year at the 2019 FSTech Awards, Best Payments Newcomer in the 2019 Card and Payments Awards and winner of the Open Banking category in the 2018 London Institute of Banking & Finance Financial Innovation Awards. It was the first licensed PISP to conduct an end-to-end payment through a public bank API and payments with the CMA9 public bank APIs in 2018. In 2019, Mastercard selected Token to support the connectivity layer of its Open Banking Hub.
five°degrees is a digital core banking technology provider, founded in 2010, with offices in the Netherlands, Iceland, Portugal and Serbia. We combine state-of-the-art technology and sound banking knowledge to create a future-proof digital core banking platform for tomorrow’s bank. Matrix, our next generation digital banking platform, empowers financial institutions to enter the era of modern digital banking. five°degrees sees Matrix as the hub that connects channels, customers, products, services and the
AT A GLANCE WEBSITE: https://token.io TWITTER: @token_io
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WHO WE ARE OakNorth’s mission is to enable entrepreneurs worldwide to access customised mid-sized loans. Its data and technology platform, OakNorth Analytical Intelligence (ON AI), is how it is solving this problem globally – within the UK, it does this via its own balance sheet lending (OakNorth Bank plc) and throughout the rest of the world, it does this by licensing the ON AI technology to other banks and lenders. ON AI is now working with partners across eight geographies who have combined balance sheets in excess of $800billion.
fintech ecosystem. It is designed to provide a fully automated banking services platform. Our client and partner base encompasses retail banks, asset managers, online savings banks and greenfield operations in the financial services industry.
AT A GLANCE WEBSITE: www.fivedegrees.com TWITTER: @fivedegrees
In the UK, OakNorth has lent more than £3billion since 2015 without a single default and more than £500million of repayments. It’s done this profitably – making £10.6million pre-tax profit in 2017 and increasing this by 220 per cent to £33.9million in 2018. In terms of the impact this has had on the economy, OakNorth’s loans have directly helped with the creation of 10,000 new homes and 13,000 new jobs in the UK, as well as adding billions of pounds to the economy. Since its inception, OakNorth Holdings has secured more than $1billion from leading investors, including Clermont Group, Coltrane, EDBI of Singapore, GIC, Indiabulls, NIBC, Toscafund and SoftBank’s Vision Fund.
AT A GLANCE WEBSITES: www.oaknorth.com and www.oaknorth.ai TWITTER: @oaknorth and @oaknorthai
WHO WE ARE At fire.com we help businesses to manage payments with digital accounts and debit cards, supporting a range of payment services all accessible via a powerful API. We believe in change and are committed to making payments more accessible, safe and transparent. Our digital accounts provide businesses with a compelling customer experience, range of integration options and the highest standards of security. Website: https://fingopay.com/sthaler/ With a fire.com business account you can: Twitter: @fingopay @SthalerLtd CREATE Instantly open all the sterling and euro accounts you need, with unique account numbers and sort codes or IBANs. ACCESS Pay and get paid using a host of payment services, including Faster Payments, BACS, SEPA, Mastercard®, Direct Debits and Open Banking. CONTROL Stay in control with mobile and web apps, providing real-time alerts and notifications. BUILD Use our API to integrate your systems to fire.com for automating reconciliation and the disbursement of funds. Fire Financial Services Limited, trading as Fire and fire.com, has been regulated since 2010 as a Payments Institution by the Central Bank of Ireland (C58301). fire.com was re-authorised in 2018 under PSD2 to also provide Payment Initiation (PISP) and Account Information Services (AISP).
AT A GLANCE WEBSITE: www.fire.com TWITTER: @PaywithFire
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WHO WE ARE WHO WE ARE Meniga is a global leader in white label digital banking solutions. Its award-winning products enable the world's largest financial institutions to dramatically improve their online and mobile digital environment, enriching the customer experience of more than 65 million digital banking users across 30 countries. Meniga has developed a framework for next generation digital banking around advanced data consolidation and enrichment, meaningful customer engagement and new revenue opportunities. Meniga’s portfolio of products includes personal finance management, automated real-time notifications, predictive analytics and personalised engagement technologies, tailored rewards and consumer data analytics. Meniga was awarded 'Best of Show' at Finovate Fall in 2018, Finovate Europe in 2011, 2013, 2015 and 2018, 'Best Company' at European FinTech Awards 2017 and was featured on FinTech50 in 2014, 2016 and 2017. Meniga has offices in London, Helsinki Reykjavik, Stockholm, Warsaw and Barcelona.
AT A GLANCE WEBSITE: www.meniga.com TWITTER: @Meniga
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ClauseMatch is a software technology company that enables financial institutions to comply with their internal corporate governance documentation (standards, procedures, controls). The company is working with several global financial institutions. The solution brings unprecedented productivity and transparency for compliance, legal, finance, operations and risk teams saving millions in terms of time and resources, while significantly reducing risk and providing accountability. ClauseMatch allows financial institutions to improve productivity and assess risks associated with policies, standards and procedures with an easy to use document editing and workflow platform. The ability to automatically assess and adapt to regulatory change brings unprecedented control, risk reduction, cost savings and efficiencies.
WHO WE ARE StepLadder empowers first-time home buyers to get on the property ladder faster (and better) by collaborating with peers. We’re aiming to fix a broken system by helping members buy their first home better. This is what we mean by better: by enabling groups of qualified UK first-time buyers to work together, StepLadder aims to help reduce the average time taken to raise property deposits by 45 per cent compared to saving alone. Each member will still commit the same amount of money per month but, by members pooling their resources through a peer to peer platform, they achieve their total deposit amount earlier 90 per cent of the time. StepLadder members will have access to one to one support, specialist knowledge and
ONESTOWATCH WHO WE ARE In 2018, ClauseMatch has been included on the FinTech 50 list of the most promising startups to watch. The company has been named among the fastest-growing top 250 fintech companies globally by CB Insights and at the end of 2018 became Banking Technology Awards runner-up to the Bank of England for the 'Best use of RegTech'. It is a 2014 graduate of the inaugural Barclays accelerator programme, BBVA Open Talent challenge winner and is in the top regtech companies selected by Dow Jones. Recently, ClauseMatch launched operations in Asia out of Singapore.
AT A GLANCE WEBSITE: www.clausematch.com TWITTER: @ClauseMatch
group-buying discounts throughout the property buying process. We're a unique collaborative solution brought to the UK from around the world where one billion people at any given time are actively using this model – known as a ROSCA (rotating savings and credit association). These are known as committees (Pakistan), partners (Caribbean), susus (Africa), jameyas (Arabia), huis (China) and now StepLadder circles in the UK! There used to be community in saving. We used to know our savings went into financing our neighbours – that's how mutuals, credit unions and building societies formed. For 'generation rent' that seems to have been lost. StepLadder aims to bring it back in a tech-enabled, scalable platform.
AccountScore is a highly innovative global data and analytics business that has capitalised on the opportunities presented by Open Banking and other open data sources. The business provides actionable insights and analytics on bank transaction data for customers – typically banks and financial services companies that want to make better informed decisions during their customer assessment process. Leading the way in Open Banking, AccountScore serves clients that range from Tier 1 banks through to alternative lenders, fintechs, tenant referencing companies and more. The service combines access to all of the Open Banking APIs through a single easy to use integration, a fully managed consent management service for consumers sharing their data under Open Banking as well as business-driving analytical models on top of the transaction data.
AT A GLANCE WEBSITE: www.accountscore.com TWITTER: @AccountScore
AT A GLANCE WEBSITE: www.joinStepLadder.com TWITTER: @joinStepLadder WWW.THEPOWER50.COM | 33
ONESTOWATCH WHO WE ARE
WHO WE ARE
AEVI lays the foundation for next-generation acquiring by empowering merchant payment solution providers, such as acquirers, merchant banks, independent sales organisations (ISOs) and value-added resellers (VARs), to move and manage their classic payments proposition into a new value-added world of apps, payments and smart devices. AEVI combines the talent and resources of merchant payment solution providers, app publishers and device vendors in an open and vendor-agnostic platform providing unprecedented flexibility and choice. AEVI simplifies the complex payment landscape with a single integration that results in acquisition of new merchants, increased retention of existing customers, cost savings and generation of new revenue streams.
Tangem is a Swiss-based company producing a physical smart card, which allows safe and unforgeable storage of digital assets, such as cryptocurrencies, contracts or certificates on a blockchain. Each Tangem Note is a separate, highly secure hardware cold wallet that can hold one private key at a time. The validity of a Tangem Smartcard and assets it’s carrying can easily be checked with NFC in an app on a smartphone. The Swiss startup, with 20 employees, was founded with the expertise of Swiss finance professionals and Russian IT experts. Tangem currently operates in Switzerland, Russia, Singapore and Hong Kong.
AT A GLANCE WEBSITE: www.tangem.com TWITTER: @tangem
AT A GLANCE WEBSITE: www.aevi.com TWITTER: @aevidomore
FOUNDER Jason Williams
HEAD OF ADVISORY Adrian Cannon
CHIEF OPERATING OFFICER Mark Walker
EDITOR Claire Woffenden
CHIEF MARKETING OFFICER Christophe Langlois
ART DIRECTOR Chris Swales
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All Rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, photocopying or otherwise, without prior permission of the publisher and copyright owner. While every effort has been made to ensure the accuracy of the information in this publication, the publisher accepts no responsibility for errors or omissions. The products and services advertised are those of individual authors and are not necessarily endorsed by or connected with the publisher. The opinions expressed in the articles within this publication are those of individual authors and not necessarily those of the publisher.
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