After perusing the latest innovations at FinovateEurope, the premier demo-based financial technology (fintech) conference in London, Trulioo attended an awards ceremony hosted by KPMG and H2 Ventures where the team was presented with the Top 10 Emerging Global Fintech Startups Award. The Top 10 list designates the most promising emerging innovators amongst the Fintech 100 list, which includes the world’s leading and most intriguing companies to watch in the fintech sector.
KPMG describes the ‘Emerging Stars’ as exciting new fintech companies with bold, disruptive, and potentially game-changing ideas. Companies in the Top 10 include (in alphabetical order): Avoka, Bankable, BioCatch, COLU, ebankIT, Elliptic, Personetics, Qumram AG, SlimPay and Trulioo.
“This prestigious honor validates Trulioo’s mission in advancing market proven technologies that remove compliance barriers to innovation,” said Jon Jones, President at Trulioo. “The emergence of RegTech exemplifies the role that agile compliance centric solutions such as Trulioo’s GlobalGateway will undoubtedly play both now and in the future.”
Working with some of the top players in payments, finance, and eCommerce, Trulioo’s global identity verification API helps businesses expand into new markets safer, faster, and easier than ever before. By automating identity verification at scale with seamless integration, Trulioo powers fraud and compliance systems for international businesses helping save time, reduce operational costs, and facilitate a more transparent online verification process.
“In an industry that will soon be irrevocably changed by the disruptive effect of innovation, the companies doing fintech best are those most likely to succeed. Already, some of the world’s major financial centers are equally becoming known as centers for fintech innovation: London and New York, and more recently Sydney,” said Toby Heap, H2 Ventures. “This year’s Fintech 100 highlights the truly global nature of fintech innovation, with startups from 20 countries on the list. Many of these companies have an X-factor that captured attention – exciting new fintechs with bold, disruptive and potentially game-changing ideas.”
The Fintech 100 report is a collaborative effort between H2 Ventures and KPMG, offering an in-depth look into the most exciting global companies that are taking advantage of technology to revolutionize the financial services industry. The report identifies payments as being the part of the fintech sector most at risk of digital disruption and we also note the rapid emergence of insurance fintech. It is also positive to see the development of the fintech ‘enablers’, which are seeking to provide services and capabilities to financial institutions. This needs to form a core part of how incumbent’s seek to respond to the threats and opportunities that come from disruption. The report stated that funding for fintech businesses is estimated to total $20 billion in 2015, an increase of 66 percent from 2014.