How they describe themselves: BankGuard has developed SuperMatrix, a countermeasure technology against cyber attacks to internet banking system, and SuperMoney, money settlement system with biometric palm authentication. SuperMatrix is to be introduced to nation-wide internet banking platform for 270 small financial institutions in Japan. SuperMoney will soon be tested for verification with six regional banks. BankGuard has passed a couple of global Fintech contests such as StartBootupCamp, FinovateAsia, and FinDEVr Silicon Valley.
How they describe their product/innovation: SuperMatrix: Countermeasure against illegal money transfer of internet banking, utilizing random chart of images, instead of numerical numbers. It has better security, is more cost effective, and is more convenient than hard tokens with one-time password. This technology can also be applied to credit card and BitCoin.
SuperMoney: Biometric authentication technology by palm. It is the world first cardless/readerless real-time debit system with unique authentication. It also can be connected to AI for enhancing its authentication features and for putting recommendations on the application of customers usage history.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed