In just a few weeks the fintech world will be congregating in San Jose, California to spend a couple of days at one of the industry’s premiere events for the formal introduction of new technology companies (and new products/divisions of some older ones too).  It’s literally a “debutante ball” for companies that are expected to rock the financial industry in the near future with their revolutionary products and services. 

I’ve had a chance to preview this year’s awesome lineup and need to report that predicting my top five “best of show winners” was almost impossible.  There are just too many impressive companies from which to pick from at this year’s event.  In the end, there were just a few that seemed to rise above the rest with their technology and novel approaches.  As they say in the pageant industry, without further adieu…barring a Steve Harvey or Warren Beatty moment...here’s my personal “best of the best”

  • Defense Storm – This is a big data company that marries defense security and compliance governance in a single platform.  It allows you to see across your network, detect and analyze threats, leverage built-in workflow tools to mitigate attacks while report and manage compliance governance.  All built into a single platform that is adaptable to a company’s needs and ever changing compliance policy governance needs.  And it’s all done in real time.
  • Flybits – A Canadian cloud-based experience management software company with some serious street cred based on its recent work with TD Bank.  It will revolutionize how banks interact with their customers by jettisoning the impersonal marketing communications that are neither relevant nor timely.  Say hello to true 1 to 1 marketing experiences.  Flybits helps banks understand a customer’s situation and use it to deliver highly personalized, relevant and timely marketing messages all through their phone.  I can already see the marketing ROI on this product.
  • Talk – An artificial intelligence (AI) bookkeeping system that helps businesses and executives better manage their bills and expenses.  It allows an executive to speak into their phone at a dinner meeting with details such as purpose, participants, etc., and then codes the details into the bookkeeping system, so there is no need to remember with whom you had dinner and why.  The system also has a nifty way to track business deductible mileage for employees in real time, along with handling paper invoices. I need to say paying bills is about to get revolutionized.
  • Jumio – They are offering “trusted identity as a service” which I actually have had the opportunity to use.  Jumio offers their Netverify solution to help Airbnb determine whether you are who you say you, allowing prospective hosts to feel comfortable in renting out a room or even a house to you.  Jumio offers this service so businesses can reduce fraud, meet KYC requirements all while delivering a great user experience.  When asked if clients and their customers are satisfied, all I can say is that is “verified.”
  • Finicity – This company provides the data and related security for a number of new financial apps today and ones yet to be launched.  They offer a RESTful API that powers financial apps to provide loan originations, wealth management, banking, PFM and more.  It delivers aggregation of accounts, statements, banking history, etc. and verifies assets and income all through its API so developers can focus on creating their financial app with an eye to the customer experience and not the data collection.  Finicity is the new way to spell for financial app developers.

Well there you go.  That’s my top five predictions for this year’s event.  Just one caveat.  There are so many good companies this year that my list could change after each day of the event.  My recommendation is that folks go both days to watch, listen and learn from many of the fantastic demos.  Get ready to be impressed.  Look forward to seeing you at the venue!

Author

About Michael Moeser

Michael heads Javelin's payments practice. He advises clients on the rapidly changing payments industry. Michael is focused on tracking the evolution of the payments industry, covering specific areas such as person-to-person payments, U.S. and global EMV card migration, digital wallets, merchant acceptance of different payment forms, cross-border payments, real-time transactions, and digital payments.

Michael specializes in assisting clients in developing new payment products or repositioning existing services to capitalize on market opportunities, understanding how to market to particular consumer and small business market segments, and developing new corporate strategies that can transform an existing payments franchise.

Michael brings over 20 years of experience from the payments and consulting industries. Before joining Javelin, he led the international small business card portfolio at Visa, launching new and growing existing debit and credit card programs with banks and financial services companies across the globe. Previously, he was the Head of Competitive Intelligence at Capital One, a Payments Knowledge Expert at McKinsey’s Payments Practice, and the Head of Product Marketing at Ondot Systems, a Silicon Valley mobile card control startup. He has presented to audiences around the globe, primarily at Visa and McKinsey client and public audiences.

Michael holds a BBA in finance from the Ross School of Business at the University of Michigan and an MBA in marketing and entrepreneurship from the Kellstadt Graduate School of Business at DePaul University.

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