« Flat Out of Heels founder wins 2nd place in national contest | Main | Tick-tock, Business Plan Challenge deadline looms - your questions answered »

14 fintech companies faced off in Temenos Innovation Jam: And the winners were....

PictureWinnersF60A9053 (1)

From right to left: Joel Brown from DocuVital, author and futurist Brett King and Javier Mira from FacePhi

Submitted by CVOX Group

Last week, the Temenos Innovation Jam  at The Lightbox at Goldman Warehouse in Miami’s Wynwood Arts District featured fintech companies from South Florida and around the Americas. Each  had the opportunity to pitch products and solutions to renowned financial institutions. 

Fourteen companies were pre-selected to showcase their company: AppDome, BillBit, Billshark, Coinapult, Facephi, DocuVital, HID Global, iQuantifi, Lenddo, Mesfix, Quotanda, Strands, VU and Zave App Inc. 

Each company had even minutes to make a presentation and the audience of bankers and community supporters voted to choose two winners. And the winners were (drumroll please)...

The first prize went to Javier Mira from Facephi and second prize to Joel Brown of Miami-based DocuVital.

Facephi, headquartered in Spain, is a global leader in facial recognition technology.   Its product is rapidly becoming a service used by banks all over the world.  This innovative technology enhances the client experience effortlessly by simply using the camera on their mobile device to take a selfie; this then becomes their method of identification and interaction with the bank’s mobile application. 

DocuVital is the turbo tax for end of life planning.  Over 100 tasks need to be completed by the family after a loved one dies.  DocuVital, based at Miami's Venture Hive, solves this problem by organizing your vital information and documents, automating the process, storing it all using bank level security and encryption, and finally delivering it all seamlessly to your loved ones when you are gone.   Banks now want to provide services for the whole life cycle of their clients and Docuvital is a great tool for end-of-life issues and planning. 

The DocuVital platform is very simple to use, guiding the user through a simple step-by-step process of uploading all their vital information and documents. Using a set-up wizard, the platform quickly and easily instructs the user what information will be needed and then takes them to a dashboard page where they can seamlessly navigate through different sections, including personal, financial, legal, funeral and miscellaneous. (This was Brown's second fintech win)

“The Fintech Innovation Jams provide a unique opportunity for each for us to engage, identify and partner with the hottest fintech companies in the world. Through the Temenos MarketPlace, fintech companies get access to the more than 2,000 financial institutions running our software, who serve more than 500 million banking customers. Our clients in turn get access to cutting-edge innovation, making it a true win-win situation,” said Ben Robinson, CMO for Temenos.

He added that “Latin America is a region bubbling with technology innovation and we are excited to help propel fintech to the forefront as a sector with great opportunities for innovative entrepreneurs.”

Now the winner has the opportunity to travel to Barcelona in May 2016 and compete in the Temenos Community Forum (TCF) with finalists from Singapore, Dubai and London.