FinovateSpring 2018 / IdentityMind Global
Presenter Profile:
How they describe themselves: IdentityMind, the inventor of Trusted Digital Identities, offers a SaaS Platform that builds, maintains and analyzes digital identities worldwide. Our platform allows companies to perform identity proofing, risk-based authentication, regulatory identification, and ultimate detect and prevent synthetic identities, and stolen identities. We extend our platform with transaction monitoring for e-commerce fraud prevention, anti-money laundering, and the counter financing of terrorism (CFT). We continuously validate and risk score digital identities worldwide through patented our eDNA™ technology to ensure global business safety and compliance at customer onboarding and throughout their lifecycle.
How they describe their product/innovation: KYC Plug-in – GDPR-ready: A SaaS-based solution for Fintech companies, ICOs, and traditional financial services institutions looking to adopt a full identity-proofing solution that meets global KYC regulations and simplifies GDPR compliance for KYC processes. The plug-in is a pre-configured, but highly customizable SaaS solution that manages the KYC user experience using a risk-based approach, and that provides the set of reports that auditors and examiners require to assess the regulatory process along with the customer private data (PII) protection functionality required by GDPR.
Product distribution strategy: Direct to Business (B2B)
Contacts
Bus. Dev.: Gregg Gumbinger, ggumbinger@identitymind.com
Press: Dan Rampe, drampe@identitymind.com
Sales: Rao Wu, rao@identitymind.com
Website: identitymindglobal.com
LinkedIn: linkedin.com/company/identitymind-inc-
Twitter: @IdentityMind
HQ: Palo Alto, CA
Founded: January 2013
Product Demoed: IdentityMind platform
Metrics: We have been in business since 2009, have 70+ employees and have offices in Palo Alto, Spokane (WA), Mexico City, Beijing and London. We have a few hundred customers currently and our growth is accelerating as the old ways of understanding the risk associated with the identity on the other side of the transaction have proved insufficient. We started the company to provide a better way to establish trust in the online world.
Presenters: Faisal Nisar (Director of Product), Rao Wu (Head of Sales)
- Key Executives
Garrett Gafke (CEO), Jose Caldera (CMO), Kieran Sherlock (CTO), Bin Tang (Chief Data Architect), Paul McClure (Head of Finance), Rao Wu (Head of Sales), Gregg Gumbinger (VP Bus. Dev. & Channels), Paul Kavanagh (VP Customer Operations), Arcadio García-Gómez (General Manager, Latin America)
Key Stats
- Key Investors
IdentityMind has raised over 20 million dollars, 10 million of which is from its most recent Round C. Investors in that round include: Zanadu Capital Partners, Overstock.com, Hanna Ventures, Eastern Link Capital and Benhamou Global Ventures.