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Nuno Sebastiao - Feedzai - Crushing Financial Fraud at #BigData Scale - Portugal - Feb 22 2016

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Talk by Nuno Sebastiao, CEO & Co-Founder, Feedzai, at Stanford on Feb 22 2016, in our session on 'Startup Marketplaces & AI FinTech Founders :: Vienna & Portugal'.

Website: http://www.StanfordEuropreneurs.org
YouTube Channel: https://www.youtube.com/user/StanfordEuropreneurs
Twitter: @Europreneurs

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Nuno Sebastiao - Feedzai - Crushing Financial Fraud at #BigData Scale - Portugal - Feb 22 2016

  1. 1. Crushing Financial Fraud at BigData Scale EuropeanEntrepreneurship&Innovation Stanford Engineering Feb22,2016 Nuno Sebastiao, CEO
  2. 2. F I G H T S F R A U D The risk engine that makes commerce safe.
  3. 3. A historic university…
  4. 4. ..with a modern school of engineering.
  5. 5. State of Entrepreneurship in Portugal
  6. 6. 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
  7. 7. Innovation contests Acceleration Programs Technology Partnership programs Government programs Incentives & Financing Are Not the Problem Anymore Financing and managementIncentivesInfrastructure Incubators and Accelerators, evolving towards professionalization
  8. 8. 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
  9. 9. 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
  10. 10. $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
  11. 11. 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
  12. 12. Three Learnings 1. Tech transcends borders 2. Have a purpose 3. Make it in the big city
  13. 13. Machine Learning is… Eating the World
  14. 14. Machine Learning is.. using autonomous systems that Learn, Predict, Explain & Act based on data
  15. 15. H A V E A PURPOSE
  16. 16. Purpose Finding True North
  17. 17. $16 billion fraud loss that funds:
  18. 18. 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
  19. 19. How Customers Use Feedzai MARKETPLACESBANKING MERCHANTPAYMENT NETWORKSBUYING 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
  20. 20. M A K E I T I N T H E B I G C I T Y
  21. 21. TODAY THIS NATION WITH ITS HISTORY OF MARITIME EXPLORATION, IS LEADING A NEW EXPEDITION, A VOYAGE OF ENTREPRENEURIAL DISCOVERY TREND THAT MANY EXPECT TO CONTINUE FOR YEARS TO COME . -FORBES ON PORTUGAL-
  22. 22. nuno.sebastiao@feedzai.com

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