FinovateEurope 2017 / iProov
Presenter Profile:
How they describe themselves: iProov delivers usable, secure biometric online authentication as a service to enterprises and public sector organisations needing to strengthen access security whilst simplifying the user journey. iProov’s team draws on long experience in mBlox and UCL.
How they describe their product/innovation: iProov Verifier delivers strong authentication which is very easy and accessible to use. Its One Time Biometric technology offers uniquely sustainable protection against forged replicas, credential theft and replays exploiting large-scale phishing, man-in-the-middle and compromised devices attacks. It stamps each authentication session with a patented “flashmark”, analysing all imagery in its servers. Using network-based deep learning technology, the proprietary face matcher outperforms competitors with high tolerance to pose, lighting conditions and glasses. The patented interface presents users with an abstracted image of their face, guaranteeing a non-intrusive experience across all platforms and channels.
Product distribution strategy: Direct to Business (B2B), directly to financial institutions, and through partnerships with other fintech companies, technology vendors and platforms
Contact
Bus. Dev., Sales & Press: contact@iproov.com
Website: iproov.com
Twitter: @iProov
HQ: London, United Kingdom
Founded: November 2011
Product Demoed: iProov Verifier
Product Launch: February 2017
Metrics: Raised series-A funding & 13 grants from InnovateUK; number of employees: 12
Presenters: Andrew Bud (CEO & Founder), Matthew Pearch (Commercial Director), Ronny Khan (Innovation at DNB), Andreas Johannesen (Category Manager Digitalisation at DNB)
- Key Executives
Andrew Bud (CEO), Dominic Forrest (CTO), Matthew Pearch (Commercial Director), Joe Palmer (Technical Director), Dr. Andrew Newell (Research Director)
Key Stats
- Key Board Members
Andrew Bud (CEO & Founder), Peter Sugarman (Board Director iProov; Partner & Chief Operating Officer JRJ Group)
- Key Investors
Individuals/funds associated with the principals of London-based JRJ Group, who include Jeremy Isaacs, Roger Nagioff, Peter Sugarman.
- Key Advisory Board Members
Prof. Angela Sasse (Chief Scientific Advisor)
- Key Partnerships
Genesys Technologies selected iProov as a founding member of its AppFoundry partner platform. iProov’s expanding distribution network includes Vauban Cyber Technologies in the Middle East and Aexus in the Benelux region. New partnerships address ID verification for KYC.
- Key Customers
BT’s Agile Bank implements iProov in its mobile banking app. AirInsight, a provider of high value global aerospace business intelligence. FaceCrypt, a secure mobile data vault app. A global media company chose iProov as its authentication vendor at the core of its physical access security application. Mass deployment of an application in the UK public sector is imminent.