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FinProof – Enterprise-grade solution for bug-free financial software development (Startup Sauna Local Event, Moscow)

FinProof Team
September 21, 2016

FinProof – Enterprise-grade solution for bug-free financial software development (Startup Sauna Local Event, Moscow)

FinProof Team

September 21, 2016
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  1. Problem QA: 35% of IT budget, and rapidly increasing Software

    defects mitigation: $59.5B Notable failures: • KCG: -$440M in 2012 • The DAO: -$50M in 2016
  2. Pythagorean theorem Testing Proving Checked for this one. True Haven’t

    you forget to check this one? a2 + b2 = c2 Checked for this one. True Checked for this one. True
  3. Business Model Financial Institutions • Per-server licensing • Outsourcing and

    consulting services Developers • Free development license • Paid consulting services • Paid training programs
  4. Landscape / Competitors FinTech Transportation & Aerospace ≥ 20 years

    of formal methods usage in the industry £1m in a seed round by KRW Schindler in 2016
  5. Team Andrey Lyashin, [email protected] Founder, evangelist, scientific advisor Blockchain systems

    formalization, certified programming evangelist, artificial intelligence, robotics. Sergey Kazenyuk, [email protected] CTO, product architect, lead developer Programming language theory and certified programming researcher; financial and blockchain products developer; Bitcoin, Monero cryptocurrency project contributor; former Intel employee. Sergey Egorov, [email protected] CEO Banking IT-products development managing director, former QA department director at Oracle/Sun Microsystems.
  6. Progress A lot of interest from: • Banks, 5 •

    Payment processors, 4 • Trading robots developers, 3 • Software vendors, 3 Pilot project with Top-20 Russian bank