FinovateEurope 2014 / Encap Security
Presenter Profile:
How they describe themselves: Encap Security is the only dedicated software-based banking-grade authentication platform provider, offering simple multi-factor authentication and digital signing for the banking and enterprise sectors. Encap Security turns any personal device into a security credential removing the need for cumbersome and costly SMS codes and hardware. Encap Security makes authentication simple and enabling innovation, reducing risk and driving service adoption for organisations.
How they describe their product/innovation: Smarter Authentication is the world’s only software-based, banking-grade authentication technology that doesn’t compromise between security, user experience and utility.
Product Distribution Strategy: Indirect through System Integrators and Service Providers, Direct to Business (B2B) and through financial institutions/tech companies and licensed platforms
Contacts:
Bus. Dev.: Adam Dolby, VP Biz. Dev, adam.dolby@encapsecurity.com, +1 413 358 3147
Press: Sarah Wilson, CCgroup PR, sarah.wilson@ccgrouppr.com, +44 207 535 7217
Sales: Thomas Bostrøm Jørgensen, CEO, thomas@encapsecurity.com, +47 92032078
Website: encapsecurity.com
Twitter: @encapsecurity
HQ:Oslo, Norway
Founded: 2007
Product Demoed: Encap
Product Launch: November 1, 2012
Metrics:
People – Based in Oslo and Palo Alto, Encap Security’s management team has more than 60 years’ experience and an unrivalled pedigree in authentication, identity management, mobile app security and mobile financial services.
Finance – Following a recent funding round, the total investment in Encap Security’s stands at €4.8M.
Market Traction – Encap Security’s solution is used by major financial institutions, enterprises and technology integrators including Santander Consumer Bank Norway, EnterCard and Sparebanken Vest. Encap Security’s technology is approved by the Norwegian Banks’ Standardisation Office and security experts Room66.
Presenters: Thomas Bostrøm Jørgensen (CEO), Adam Dolby (VP Bus. Dev.)
- Key Executives
Thomas Bostrøm Jørgensen (CEO), Adam Dolby (VP Bus. Dev.)
Key Stats
- Key Board Members
Dag Fjørtoft (Chairman, Encap), Arne Tonning (Board Member, Partner Alliance Venture), Herbjørn Skjervold (Managing Partner, ProVenture)
- Key Investors
ProVenture Seed, Alliance Venture Polaris, employees and other active key resources, founder and other former employees
- Key Customers
Evry, Mtrust, EnterCard, Signicat, Sparebanken Vest, Santander Norway