Investments in the technology sector applied to the financial market have not stopped growing over the last year, positioning it as the first industry after received investments, accounting for 10.1% of the total amount poured into new startups, according to the latest data of the consulting firm Venture Watch. “It is evident that there is a clear opportunity to transform a sector which, although it has integrated technology into its processes, has not yet suffered the disruptions associated with new ways of working and which represents a clear investment opportunity. It is a new model that has become a significant alternative to traditional banks, offering customers new tools to manage their capital, credit and loans, insurance, stock market investments and other banking or financial products,” he points out for example , Javier MegiasCEO of Startupxplore, the largest online community of startups and investors in Spain and the most active in Europe.

These are eight of the recent projects who want to change the rules of the game in the financial sector with new business models:

1. manual, which has developed payment technology that includes identification using veins and palm prints. This system allows a user to be uniquely identified faster and more accurately than fingerprints. With the Handbe system you don’t have to carry a payment card or remember passwords because it is enough to place the palm of your hand on a device for it to identify the vein tree and fingerprints, authorizing the transaction in less than 3 seconds. “Exceeding this time makes users nervous and generates rejection,” he says Carlo Asensio, one of the members of this startup specializing in biomedical informatics. You can read more about them here.

two. quarrel, an online platform that facilitates loans between individuals. In this way, loans with better interest rates for borrowers and better returns for investors are obtained. It filters loan seekers by income, expenses, loan repayment history, and demographic profile, and assigns them an interest rate based on their credit profile.

3. Pay thunder, a mobile payment platform based on proprietary technology that aims to increase the sales of businesses through the application of Adwords in the physical world. The basic difference between PayThunder and other companies in the mobile payment space (like Kuapay, Pagamovil or Mymoid) is that it also includes offers, loyalty points and promotions from other companies. We write about them here.

Four. bankrupt, a payment platform that allows the user to use the mobile device as a means of identification. With Bankast, any user can transfer money or shop online 24/7, with instant payment to the recipient’s bank account, without cards, virtual accounts or top-ups.

5. iQapla, a platform for designing and managing portfolios of fully automated algorithmic trading systems. It allows the user to easily decide what to invest in according to their capital, risk and investment goals.

6. hint buttonwhich has developed a system that allows us to authorize remote operations easily and securely through our mobile phone.

7. PetyCasha social network that allows you to make small payments to friends or family from your mobile without commissions.

8th. pivot point, the first peer-to-peer platform that allows startups to connect to buy and sell their digital assets (technology, applications, databases, etc.). Pivotta’s mission is to evaluate all those assets that could be useful for new business projects. To do this, start a marketplace of buying and selling digital assets through an online auction. You can read more about it below this article.