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