Trustev Pitch Deck

Real time online identity verification, using social fingerprinting. May 2013 Pitch Deck.

Transcript

1. Real time, online identity verification using social fingerprinting hello@trustev.com @trustev
2. problem * Cybersource Fraud Report 2012 Fraud creates massive and expensive productivity and systems challenges for merchants 27% of all online orders undergo a manual review 75% of those orders are subsequently approved Over 200 million days are wasted each year
3. Online Fraud is a $20bn per annum problem $680 Billion in global online sales in 2011 the market $1Trillion+ Estimated ecommerce turnover in 2014 Sources: (“2012 Online Fraud Report: Online Payment Fraud Trends, Merchant Practices and Benchmarks.” CyberSource) . (Goldman Sachs). ecommerce sales Fraud Rate $ Billions
4. social sign-in 77% of users prefer Social Login, with 54% of those stating Facebook Connect as their preffered option* Garter estimate that by 2015, over 50% of all new eCommerce logins will be done using Social Sign-in** Up to 85% of users leave site when asked to ‘create a new account’* *Janrain Social Login and the Web Q1 2013 ** Gartner Identity Access Mgt 2013
5. •  Transactions •  Devices •  Black lists •  White lists •  Email verify TRUSTEV Score Scored 0-100 the solution Social Data Transaction data Under 65 Rejected Score 65-70 Manual Review Over 70 Approved •  Identity •  Activity •  Interactions •  Friends •  Location Behavourial Data Customer signs in with social (Or Trustev uses existing social auth token)
6. Trustev score <65 No Yes eCommerce Checkout Process (e.g. Basket complete) SocialLogin Using JS, Plugin or Custom API Real-Time Trustev Decision Engine Algorithms Static profiler Activity Profiler Interaction Profiler Contact Profiler Location Profiler Transaction Profiler Continue to Payment Process Exit Checkout Process (Optional) External Manual Review Process Trustev score 65 - 70 Trustev score >70 technical flow
7. Trustev will be available as a direct plugin for all major ecommerce platforms starting with the world’s most popular ecommerce platform – Magento Plugin Easy and simple integration for businesses at all scales. technology Trustev has been designed with a simple to manage code base allowing Developers to incorporate it with just the addition of a few lines of simple code APIs Need something very specific? Trustev’s technical team of expert developers can work with your internal team to custom design a solution using the system’s multi functional APIs Custom PCI-DSS compliant architecture Architecture is PCI-DSS compliant to conform to payment industry standard security specifications. Security Built to scale across continents Simple, scalable and modular architecture allows for rapid up and down scaling of service across multiple regions to adapt to demand. Scalability Multiple cloud vendors for unrivalled up-time Sharing the load across multiple cloud vendors, data centres and continents to ensure continued service. Reliability Trustev’s Scalability
8. Simple Ÿ Straightforward Ÿ Monthly Fee plus Per Call Billing $ Free $49/month +15c per transaction $99/month +10c per transaction Custom Agreements 0 – 150 Free Offering 150 - 1K Small 1K - 10K Medium 10K+ Large Includes Analytics Includes Advanced Analytics & Profiling Custom solution to suit your technical requirements no monthly minimums. simple. business model
9. Chris Kennedy CTO 5+ years experience driving online global platforms Lead architect and manager of global telecoms platform Pat Phelan CEO 15 years in sales and telecommunications Founder of businesses with valuations over €75 million John Peavoy VP Sales 20 years sales with/to global B2B multinationals Large scale business solutions > $20M p/a the team Donal Cahalane CMO 15+ Years International Marketing and Brand Experience. Launched and managed brands that exited/sold for $100m+ Diarmuid Thoma Director of Fraud & Data Strategy 12 years front line experience in the management of fraud solutions. Worked at Facebook, Symantec and Meteor Kestutis Igaris Senior Developer Alexia Gomez Senior Developer David Devane Developer Michael Linehan Project Manager
10. advisors & partners Anil Hansjee Former Head of Commercial Development and M&A at Google EMEA Dylan Collins Enterprise Ireland Startup Ambassador. Multiple successful exits in social/gaming sectors Trevor Healy CEO Amobee, former GM/VP at Paypal, GM/VP at Verisign, CEO Jajah, Chief Innovation Officer & Board member at Telefonica. David Collier Investor. Data Scientist. Multiple successful exits in data/platform sectors
11. media coverage PRESS TV/RADIO EVENTS Winner Silicon Valley Finalist Europe’s Top 4 Startups Winner Wayra Dublin Finalist Pitchify Dublin
12. •  World’s first Social Fingerprinting solution •  Developed to significantly reduce Cardholder Not Present (CNP) fraud •  Real-time verification process •  Unique algorithms developed over 2 years. Patents pending •  Flexible platform with social and custom data layers •  Significantly increases checkout conversion rates •  Simple, easy to integrate and low cost to ensure fast adoption •  World-class team and advisory board summary Software Development begins April 2012 Out of Stealth Jan 2013 Public Launch @ TechCrunch Disrupt NYC May 2012 Seed Round Raised $300K. Private Investors & Telefonica April 2013 First Live Customer Trials May 2012 Runner up – London Web Summit & accepted into Wayra Mar 2013
13. Real time, online identity verification using social fingerprinting hello@trustev.com @trustev