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      Financial Technology Startups: Giving Banks a Run for Their Money
      18th June 2009
      //Financial Technology Startups: Giving Banks a Run for Their Money

      At the end of April I had the opportunity to attend Finovate Startup in San Francisco. I already blogged about my experience the day after returning. I also decided to writeup a report on financial technology startups - that report will be coming out next week. I decided to produce the report because much of the competition (to banks) and innovation in the financial services sector is coming from non-banks. The report singles out the innovative startups that Celent believes will have an impact on the banking space and/or the consumer market (many of these startups bypass the bank channel and market their products directly to consumers). Celent has selected the following companies to profile in this report:

      • Aradiom
      • BillShrink
      • Credit Karma
      • Expensify
      • IOUSOS
      • Jwaala
      • Lending Club
      • MoBank
      • Silvertail Systems
      • Simplifi
      • Strands
      • Wesabe
      I am curious to hear your comments on these firms as well as your thoughts on innovation in the banking industry. Please feel free to post your comments and interact!
      Details
      Geographic Focus
      Asia-Pacific, EMEA, LATAM, North America
      Industry
      Corporate Banking, Retail Banking