Startup Growth

20 May 19
David Bonifacio

It’s amazing how the many different parts of our lives parallel each other. Anyone who has worked with me in our teams, or has been reading my blog posts, will know that many of my management insights have come from areas like art, physics, psychology, sports, religion, and nature, among other bodies of knowledge. It’s […]

20 May 19
Inc42 Media

The process of buying a car, although painstaking, has a sweet reward at the end. The child-like anticipation that builds up as one waits to take delivery of their new car can only be matched by the thrill of long drives with friends and family. That joy makes all the research and planning before purchasing […]

20 May 19
Finance Colombia

Bogotá based Rappi, an on-demand delivery startup operating in Latin America, has announced an investment of up to $1 billion USD from Japanese tech giant SoftBank Group Corp and SoftBank Vision Fund. The investment marks the largest technology financing to date in a Latin America-based company and, upon transfer to the Innovation Fund upon the […]

20 May 19
Supplierty News

The recent announcement that the United States unemployment rate is down to 3.9%, the lowest since 1969 and that only seven states have unemployment rates above 4.6% – the number used by economists to measure “full employment”, is great news for the American economy On the other hand, according to the Center for Economic and Policy Research, wage […]

20 May 19
FX Forex Trading

[ad_1] Registered custodial services, which are common in traditional investment classes, have been on the rise in the digital asset sphere, including for cryptocurrencies. Branding China Group (BC Group) has recently unveiled its plans for an insured custody service specifically for cryptocurrencies. A conglomerate with a diversified portfolio of blockchain-focused businesses in marketing communications and […]

20 May 19
Intern, graduate jobs

Company: UserTribe
Location: København

20 May 19
Intern, graduate jobs

Company: UserTribe
Location: København

20 May 19
Intern, graduate jobs

Company: MessyWeekend
Location: København

20 May 19
VentureBeat
Online data breaches are on the rise, and it’s no great mystery why. In a recent survey conducted by LastPass, 59% of respondents said they reused passwords across multiple accounts and more than half said they hadn’t changed their password in the past year. About 95% of cybersecurity breaches are attributable to human errors like these, in fact, and malicious hackers are taking full advantage: It’s estimated that there’s a cyberattack every 39 seconds on average. Bellevue, Washington-based identity-as-a-service startup Auth0 intends to reverse the trend, and it’s raising capital as it acts on its plans. The six-year-old company today announced that it has secured $103 million in series E financing led by Sapphire Ventures, with participation from existing investors Bessemer Venture Partners, K9 Ventures, Trinity Ventures, Meritech Capital, Telstra Ventures, and World Innovation Lab. The cash infusion values Auth0 at $1 billion, and it brings its total capital raised to about $210 million. The new round comes as Auth0 continues to double customer growth and revenue year-over-year, according to CEO and cofounder Eugenio Pace. Current high-profile clients include Mozilla, PBS, Atlassian, Bluetooth SIG, Nvidia, Harvard Medical School, News Corp, Whitbread, HarperCollins, Mozilla, Nando’s, Talbots, AMD, C.H. Robinson, Nvidia, Tableau, Safari, Schneider Electric, Accela, and FuboTV, and over 7,000 others in more than 70 countries. “This … is validation that what we are doing and the platform we are providing are is imperative for the success of our customers,” said Pace. “Businesses cannot afford a data breach, and this investment is a key indicator that identity management is an industry worth investing in.” The company’s identity platform suite — which can be deployed in the cloud or on-premises — supports single sign-on (SSO) through a universal flow that directs users to a centralized authorization server. Auth0 asserts that because authentication takes place on the same domain as the login, credentials aren’t sent across origins, protecting against attacks like phishing and man-in-the-middle. If all else fails, Auth0 detects password compromise in real time by checking against a database of “hundreds of millions” of breached credentials. It notifies affected users automatically, via email or text, and it gives admins the option of preventing access until after they reset their passwords. Auth0 boasts integration with popular platforms and protocols like Google Suite, Microsoft’s Azure Active Directory and Active Directory Federation Services (ADFS), Lightweight Directory Access Protocol (LDAP), Security Assertion Markup Language (SAML), and even Facebook, Twitter, WordPress, GitHub, Yahoo, PayPal, and AOL. Its account-linking feature can consolidate duplicate user names across providers, and Auth0 allows customers to customize the authentication experience with custom-branded domains and a web and mobile login widget — Lock — that can be embedded within apps. On the management side of things, the company’s dashboards afford control over user account provisioning (and deletion), permissions, and identity providers, and offers full visibility into authentication, device, login history, and location logs for auditing and debugging. Moreover, Auth0 hosts tools that surface data for personalized user targeting, and that enable granular control over features like social logins, multi-factor authentication, and anomaly detection on a per-app basis. Other spotlight Auth0 features include a powerful rule builder that automates things like verification emails and app authentication. With respect to certifications, it supports standards-based protocols including OpenID Connect and OAuth2, and it’s compliant with organizations and regulations such as SOC2, PCI DSS, ISO27001, ISO27018, EU-US Privacy Shield Framework, Gold CSA Star, GDPR, and HIPAA. That’s not all. Auth0’s Passwordless widget lets users login without a password via SMS or email, and its Guardian app for iOS and Android enables them to authenticate themselves or deny login requests with the tap of a button. Additionally, Auth0’s multifactor authentication framework facilitates one-time login code delivery via SMS and connections with third-party token generation apps like Google Authenticator. Auth0 isn’t alone in a global identity and access market that’s anticipated to be worth $22.68 billion by 2025. New York-based Socure nabbed $30 million in February for its cloud-based identity verification and fraud prevention solution. Global identity verification provider Onfido raised $50 million just last month, and troubled identity management firm Jumio recently found more stable footing and launched a new authentication product. More recently, identity and credentials verification firm Evident raked in $20 million. But Auth0 asserts that rivals lack its scale — and its robustness. To date, it’s prevented more than 1.3 malicious logins with 99.9% uptime, it handles between 80 million and 1 billion transactions every day and more than 2.5 billion logins per month (up from 1.5 billion logins per month in May 2018). Auth0’s free plan supports 7,000 free active users and unlimited logins, while the $13 per month Developer plan nets database migration, role management, email customizations, account linking, and custom domains for up to 1,000 regular active users. The variably priced Developer Pro and Enterprise plans add support for external users. “Auth0 has demonstrated incredible momentum and continues to be a shining model for unparalleled technology, leadership, and growth,” said Anders Ranum, managing director at Sapphire Ventures. “You can see Auth0’s ethos in the product itself — a highly sophisticated cybersecurity platform that’s universal, scalable, and extensible. The company is changing the approach to business by offering a platform that any company can use to protect digital identities.” In addition to its North American headquarters, Auth0 has offices in Buenos Aires, London, Sydney, and Tokyo. It employs nearly 475 people, 316 of which joined in the past two years.
20 May 19
Capgemini Worldwide
While regulations continuously evolve; the costs of non-compliance are skyrocketing. Therefore, to adhere to stringent mandates and norms, banks and PSPs are turning to advanced technological capabilities for support. The result? Regulatory Technology (RegTech) tools, solutions, and firms are gaining mainstream popularity among financial institutions looking to redefine and streamline compliance processes across jurisdictions, lines of business and client bases. RegTech digital solutions collect intelligence through data analytics, predictive modeling, and statistical tools.[1] This functionality is particularly important when it comes to proactively addressing multiple regulations versus taking a one-at-a-time approach that may result in several remediation measures. It is no surprise that firms’ RegTech spending is expected to average 48% annual growth over the next five years, expanding from $10.6 billion in 2017 to $76.3 billion in 2022.[2] RegTech drastically improves the efficiency of compliance-related processes, data aggregation, data analysis, and tailored need-based offerings. However, to effectively leverage RegTech services, banks and PSPs must seamlessly align and integrate all associated business processes, data systems, and technical architectures. Although initially considered as a solution for regulatory compliance, RegTech is also demonstrating potential as a risk mitigation tool, primarily because of the relationship between compliance and risk-management functions. How RegTech Can Be Used to Mitigate Risk Source: Capgemini Financial Services Analysis, 2019 For regulatory and risk purposes, firms must record digital transaction-related data and then store it for a stipulated period. In case of failure, they must provide fact-based evidence or face enormous operational, reputational, and legal risks. Compliance teams face the daunting task of collecting, archiving, sharing, and analyzing masses of data to reduce the firm’s risk exposure, which is precisely where RegTech support can offer agility and expertise in emerging technologies that span from machine learning to predictive modeling. RegTech Risk-Mitigation Tools Source: Capgemini Financial Services Analysis, 2019 Regulators are also seeking RegTech assistance in managing industry risks and analyzing large volumes of data and reporting information. Earlier this year the UK’s consumer protection group, Financial Conduct Authority (FCA-UK), requested Digital Regulatory Reporting (DRR) proposals for a proof of concept that could make it easier for firms to meet reporting requirements. An assessment of the technologies used to develop the DRR prototype is expected by the first quarter of 2019.[3] Regulators may further use RegTech to enhance internal processes and improve how they receive and provide information to those under their supervision. In fact, FCA-UK acted as the observer in a RegTech pilot test on the EU’s Markets in Financial Instruments Directive (MiFID II) conducted by Common Bank of Australia and ING using artificial intelligence for simplifying regulatory information processing.[4] A recent study in which banks – globally – were analyzed regarding their third-party RegTech implementations found:[5] Globally, banks are embracing RegTech solutions for eKYC (e-know-your-customer) and real-time anti-money laundering screening, AI/ML-based fraud prevention, and real-time compliance monitoring When it came to advanced risk management and end-to-end automated reporting, RegTech solutions earned medium-level adoption from banks, but data management, audit, and governance were less likely to be adopted Banks are bound to increasingly consider RegTech solutions and partnerships to ease the complexity of compliance and to alleviate risk – which is on the upswing because of the growing popularity of consumer transactions conducted via the web, social media, and digital channels. San Diego, California-based Silvergate Bank (a community bank known for cryptocurrency exchanges) partnered with London/New York-based blockchain intelligence startup Elliptic to analyze and screen possible fraudulent bitcoin activity. By leveraging the Elliptic platform, Silvergate can identify suspicious actions and reduce risk-assessment costs for potential customers.[6] RegTech firms such as London-based newcomer AlgoDynamix are developing effective risk management and forecasting tools that are backed by big banks including BBVA and Bank of America Merrill Lynch. As the industry shifts to a more data-driven and granular approach, financial institutions should also focus on building processes by combining domain expertise, business processes, and technology. Next-generation RegTech solutions will be influenced by cognitive technology, real-time analytics, and robotics to become transformational frontrunners within the financial regulatory space. To learn more, feel free to get in touch with me on social media. [1] RegTech is a term used collectively for firms that offer compliance-related solutions based on emerging technologies [2] Juniper Research, “Regtech Spending to Exceed $76bn By 2022, As Compliance Costs Soar,” October 24, 2017, https://www.juniperresearch.com/press/press-releases/regtech-spending-to-exceed-$76bn-by-2022 [3] Financial Conduct Authority website, “Call for Input: Using technology to achieve smarter regulatory reporting,” October 17, 2018, https://www.fca.org.uk/publications/feedback-statements/call-input-using-technology-achieve-smarter-regulatory-reporting [4] Finextra, “CBA and ING Partner on RegTech Pilot,” February 22, 2018, https://www.finextra.com/newsarticle/31721/cba-and-ing-partner-on-regtech-pilot/ai [5] MEDICI Research, “A Tech-Stitch to Compliance – The RegTech Story,” Diwakar Mandal, June 4, 2018, https://gomedici.com/tech-stitch-to-compliance-regtech-story [6] EconoTimes, “Elliptic, Silvergate Bank partner to monitor suspicious activity on bitcoin blockchain,” April 20, 2017, https://www.econotimes.com/Elliptic-Silvergate-Bank-partner-to-monitor-suspicious-activity-on-bitcoin-blockchain-652152
20 May 19
VentureBeat
The Venture Reality Fund said it is tracking over 550 companies on the virtual reality landscape. The major growth areas for investment in VR were gaming, location-based entertainment (LBE), next-generation reality capture, enterprise, and health care. One of the bigger funding deals in the beginning of the year was for LBE company Sandbox VR. While IMAX shut down their VR efforts, others — like Cinemark and Spaces — are launching in the market with LBE locations at movie theaters. In health care, the VR Fund saw continued interest in training — with funding for GibLib, Fundamental VR, Precision OS, and others, as well as investments in treatment, with Proprio, Oxford VR, and more. Next-generation reality capture is especially notable since it unlocks new experiences for both VR and AR and shows the industry moving past 360 video. Consumer VR is really heating up, with the launch of Oculus Quest at the end of the month and then VR HMDs like the Oculus Rift S and the Valve Index addressing the pro-sumer market with noticeable improvements over the previous generation. Sony also announced that it sold over 4.2 million PlayStation VR units, and Nintendo jumped into VR with the Labo VR and VR integration into its flagship properties of Mario and Zelda. Indie developers are finding big success in VR, with Beat Saber the first VR title to sell over 1 million copies (for over $20 million revenue) in under a year, which is similar to the way Angry Birds and others were able to find early success on the emerging smartphone platform. Companies like Superhot Team announced they have made more revenue from VR than their non-VR titles, which further validates VR’s opportunity for developers. Enterprise VR is also gaining ground in big ways, with high-end offerings from Varjo, HP, and HTC Vive providing a lot more features and functionality than the new consumer spec head-mounted displays. Oculus is also getting more serious about the enterprise, announcing enterprise bundles and services support coming in the fall. There are plenty of big success stories for enterprise software in VR, as well, not only with Strivr training over a million Walmart employees but also companies like Gravity Sketch helping Ford design cars and Virtualitics helping data scientists at Kuehne+Nagel optimize supply chains and doctors at Cedar Sinai save lives. Overall, results from early 2019 show just how big VR is becoming, and strong indicators suggest that after years of slow but steady adoption the technology has reached a major inflection point. VR adoption is expected to accelerate, thanks to the efforts of large players like Facebook, HTC, and Sony, as well as the many startups out there winning fans and customers and making millions along the way.
20 May 19
Container Journal

Company to introduce industry’s first microservices-based container-native storage platform leveraging proven IP to deliver Instant application mobility and rich data management capabilities BARCELONA, Spain and TEL AVIV, Israel, May 20, 2019 /PRNewswire/ — Reduxio announced the start of customer evaluations of their container-native cloud storage and data management platform with its breakthrough microservices architecture that provides enterprises deploying stateful container applications […]

20 May 19
Pulse 2.0

Ann Arbor, Michigan-based conversational AI company Clinc announced it raised $52 million in Series B led by Insight Partners.