Startups to Disrupt the Financial Industry

FinTech is no longer an obscure term and the Silicon Valley is seeing startups take on everything from fraud detection to peer-to-peer lending. What will be the next BIG thing in FinTech? ->Wearables.

To delve into the future of FinTech, Rocketspace, in collaboration Comerica bank, selected five of the most exciting wearables startups to the ‘Weareable FinTech Startup Challenge’ in San Francisco [Dec.2015] to compete for a grand prize of $50,000.

The judging criteria was on innovativeness, disruption potential, scale potential, readiness for market and revenue potential.

Globally, I was quite impressed with the quality of the presentations and the ideas presented. These startups are really going to change the rules of the financial game!

Here the hottest startups that are poised to disrupt the financial industry:

- THE WINNER: ‘Fitpay’: It brings payment capabilities to wearable devices by removing all of the "heavy lifting" for wearable manufacturers, consumers, credit card issuers and the card networks by delivering payments an all in a new, secure, touch-free solution > http://www.fit-pay.com .CEO/Founder: Michael Orlando

- ‘Up down left right’: A wearable Game/Toy hybrid that turns activity into in-game rewards and abilities > http://updownleftright.com. CEO/founder: James King

- ‘Amitee’: A mobile application that allows people to organize their expenses. Through optical character recognition and human intelligence tasks, it allows users to take a picture of a recipes and automatically digitalize and stores it in the application> http://www.amitee.com . CEO/Founder: Eric Flores

-‘Bridgecrest medical’: Their solutions combine the latest in mobile and wearable technology with real-time data analytics to help companies prevent accidents, lower insurance costs and increase productivity>http://bridgecrestmed.com . CEO/Founder: Nathan Klarer

- ‘Ascenden/Card+’ : They're developing the digital payment platform for the IoT (Internet of Things) generation. Their product, Card+ [the familiar Card – Rebooted] is designed to be the most secure and versatile card in your wallet. It is not only compatible with the existing legacy magnetic-swipe readers, but also modern credit card payment and security features, including NFC contact-less payments, and EMV/Chip-and-PIN.>http://www.ascendeninc.com . CEO/Founder: David Wyatt

Enjoy the revolution!

Adela V.

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