Cybertonica’s CEE&CIS COO Evgeniy Shadrin attended the St. Petersburg International Economic Forum 2019 (SPIEF) on June 7. Pitching at the “East Bound” AI3 startups competition, Evgeniy talked about how Cybertonica uses AI and Machine Learning to manage fraud and risk while increasing profits for PSPs, acquirers, merchants and banks.
SPIEF is a unique event in the world of business and economics which has been held since 1997. Over the last 21 years, the Forum has become a leading global platform for members of the business community to meet and discuss the key economic issues facing Russia, emerging markets, and the world as a whole.
Sharing his impressions of the event, Evgeniy Shadrin said:
“The discussions at the St. Petersburg International Economic Forum confirmed that cybersecurity, fraud prevention and anti-money laundering are important topics for the FinTech market today. I was delighted to represent Cybertonica at SPIEF and participated in a session with colleagues from South East Asia region which is an actively growing FinTech market especially in mobile payment space. We came to a consensus that mobile security technologies and tools such as Cybertonica ScreenWiZe™ are the future of authentication and will be the bridge between risk prevention and business conversion.”
Cybertonica uses Machine Learning and Artificial Intelligence to manage risk and fraud, increasing trust and growing frictionless banking and m/e-payments globally. Cybertonica’s service increases conversion and sales by up to 25% while managing card-not-present and other categories of fraud at world-class compliant standards. Our goal is to build Trust in TransactionTM.
Cybertonica has won numerous distinctions and awards since its product came to market, including the “Best Use of Payments Data Award” at Emerging Payments Awards 2018 and the “Best Data Analytics and Science Award” at Merchant Payments Ecosystem Awards 2018. Cybertonica also was named finalist for the “FinTech Start-up of the Year Award” at EWPN Awards 2019 and received the “Best New Back Office Innovation Award” at the Emerging Payments Awards 2017.
Our new ScreenWiZe™ product adds device risk management through SDKs (iOS and Android) to the mobile authentication and malware prevention capabilities of our customers whether banks, acquirers, merchants or transactions security. We are PSD2 ready and GDPR compliant. Cybertonica’s vision is for a world of frictionless transaction and trust in 99.9% of transactions. Visit cybertonica.com to join us and build the future of Trust in TransactionTM.