nuno sebastiao - feedzai - crushing financial fraud at #bigdata scale - portugal - feb 22 2016

Crushing Financial Fraud at BigData Scale

European Entrepreneurship & Innovation

Stanford Engineering

Feb 22, 2016

Nuno Sebastiao, CEO

F I G H T S F R A U D

The risk engine that makes commerce safe.

A historic university…

..with a modern school of engineering.

State of

Entrepreneurship

in Portugal

1. Excellent engineering

talent across 4 schools.

2. Joint engineering

programs with CMU, UT

Austin, MIT.

3. Growing support with

accelerators and

incubators.

Great Engineering Schools & Tech Incubators

Innovation contests

Acceleration Programs

Technology Partnership programs

Government programs

Incentives & Financing Are Not the Problem Anymore

Financing and management Incentives Infrastructure

Incubators and Accelerators,

evolving towards professionalization

Lisbon Is Now on the Global Map of

Entrepreneurship

June 2013

Invested in 7 Portuguese companies in 2013 & 2014

Invested in 2 Portuguese companies in 2013 & 2014

Oct. 2014

1. Europe’s largest tech gathering

2. 40k+ attendees from 134 countries last year

3. Unprecedented Lisbon attendance

“It took until Sep 2 2015 to for 10,000 folks to register for 2015 in Dublin. We had 42,000 in the end

from 134 countries. As of today there are already 23,000 from 145 countries fully registered. The

scale is unimaginable. There will never have been a larger gathering of the most important, fast

growing startups in the history of the world than in Lisbon in November.” Paddy Cosgrove Founder and CEO Web Summit

$194.5M

$24.45M $26.9M $26.13M

$22.76M $28.98M

500 Startups

Salesforce Ventures

Storm Ventures

DFJ Venture Capital

True Ventures

Verizon Ventures

Oak HC/FT

Sapphire Ventures

Data Collective

Octupus Ventures

Atomico Augmentum Capital

Woodford Patient

Capital

e.Ventures

Index Ventures

Vitruvian Partners

DST Global

Condé Nast

Advent Venture Partners

Online marketplace for

high-end fashion boutiques

Cloud-based call center

software

Online platform for

equity crowdfunding

The Internet of Moving

Things

Online platforms for

student housing

Fraud prevention software

powered by machine learning

Source: CrunchBase

Portuguese Companies with Institutional

International Rounds

Seed Funding

2011 Series A

2013

MILESTONE: $1 Billion a Day in Total Processing

Volume 2015

Series B

2015

Named one of Europe’s Top 50 fastest growing startups

Offices in Coimbra, Lisbon, San Mateo, New York and London

300%+ YOY since 2013

2016

2016

$2 Billion a Day in TPV

Local VC’s

Angels

SAP Ventures

Data Collective OAK HC/FT

SAP Ventures

Three Learnings

1. Tech transcends borders

2. Have a purpose

3. Make it in the big city

Machine

Learning

is…

Eating

the World

Machine

Learning

is.. using autonomous systems that

Learn, Predict, Explain & Act

based on data

H A V E A PURPOSE

Purpose

Finding

True

North

$16 billion fraud loss

that funds:

Aggregated data collected by Feedzai

Each bar is a day

This one is $691,000

Fraud Patterns Change Too Quickly

Human-generated

rules cannot evolve

fast enough

8

How Customers Use Feedzai

MARKETPLACES BANKING MERCHANT PAYMENT

NETWORKS BUYING SELLING

BUYERS

ONLINE MARKETPLACES

Trust buyer or seller?

SELLERS

COMMERCE ECOSYSTEM

MERCHANT UNDERWRITING

Is merchant well-behaved?

CHECKOUT AT POINT-OF-SERVICE

Is order genuine?

ACCOUNT OPENING

Is user credit-worthy?

MONEY TRANSFER

Is recipient legit?

ONE PLATFORM > MULTIPLE USES CASES

M A K E I T I N T H E B I G C I T Y

TODAY THIS NATION WITH ITS HISTORY OF MARIT IME EXPLORATION, IS LEADING A NEW EXPEDITION, A VOYAGE OF ENTREPRENEURIAL DISCOVERY TREND THAT MANY EXPECT TO CONTINUE FOR YEARS TO COME .

-FORBES ON PORTUGAL-

nuno.sebastiao@feedzai.com