FinovateEurope 2020 / BLECKWEN
Presenter Profile:
How they describe themselves: Since 2016, Bleckwen has been investing in state-of-the-art real time and explainable AI-based systems for use in real time financial crime detection. We believe the combination of Human Intelligence with AI enables faster, smarter and more effective fraud defence systems. With 35 people based near Paris, France, Bleckwen is dedicated to help Banks and Financial Institutions to defeat fraud and make a safer world. The company has already won 2 major customers since the product was released, including a tier-1 global bank.
How they describe their product/innovation: Leveraging behavioural analysis via artificial intelligence, Bleckwen provides an effective and robust solution for financial crime detection. Our real-time, dynamic behavioural analytics & explainable AI-engine is well placed to detect the surging fraud threats in payments, such as Authorised Push Payment fraud. The platform also protects banks from the emergent risks of open banking under PSD2, where banks will no longer have full control of the end-to-end user experience and security perimeter, presenting a completely new threat dimension.
Product distribution strategy: Direct to Business (B2B), through financial institutions, licensed
Contacts
Bus. Dev.: David McLaren, VP Sales – EMEA, david.mclaren@bleckwen.ai
Press: Domitille Leriche, Marketing & Communication Manager, domitille.leriche@bleckwen.ai
Website: bleckwen.ai
LinkedIn: linkedin.com/company/bleckwen
Twitter: @bleckwen_ai
Presenters: David Christie, CEO | David McLaren, VP Sales EMEA
HQ: Puteaux, Ile-de-France, France
Founded: October 2016
Product Demoed: BLECKWEN
Metrics: Founded in October 2016 as the research arm of ERCOM and spun off in January 2019, 35 people (70% engineers and data scientists), 2 major customers including a tier-1 global bank, 2 running Proof Of Concepts in France and others being negotiated across EMEA, turnover will reach $1M in 2019, the company successfully rose $10M in Series A funding in June 2019, 1 award “EBA Fintech of the year” in June 2019, 1 certification by the global competitiveness French cluster “Finance Innovation” in October 2019
- Key Executives
David McLaren (VP Sales – EMEA), Ray Espinola (VP Sales – US), Alexandre Alberdi (Head of Partnerships)
Key Stats
- Key Board Members
David Christie (President), François Saulnier (Director of Engineering), Leonardo Noleto (Head of Data Science), Cyrille Royer (Director of Operations), Paul-Henri Botella (Director of Finance)
- Key Investors
Ring Capital, TempoCap, BPI France, Engie Ineo
- Key Advisory Board Members
Matthew Knowles (Operating Partner, TempoCap)
- Key Partnerships
Microsoft, Cap Gemini, PWC, TruNarrative, Paydock
- Key Customers
BNP Paribas, Carrefour Banque