SBT Venture Capital Partners with IdentityMind Global to Facilitate European Expansion
Palo Alto, CA. (PRWEB) March 24, 2015 -- IdentityMind Global, a provider of risk management solutions for e-commerce, has partnered with SBT Venture Capital to fast-track expansion in the European market. SBT Venture Capital, which focuses exclusively on growing promising FinTech companies, has a history of assisting early-stage organizations in the e-commerce and risk management space, with past successes including NetGuardians and Walkbase.
The partnership is timely as the FinTech market continues to grow at a tremendous pace, with global investment demonstrating a CAGR of 31%. Risk management solutions in particular have been bolstered by the wider adoption and enforcement of regulations intended to detect and prevent criminal use of financial systems, including fraud, money-laundering activity, and funding of terrorist and criminal organizations.
“Since 2008, global investment in FinTech ventures has tripled to nearly $3 billion. The dramatic changes underway in financial services, driven by new digital technology, regulations, consumer behavior and the need to reduce costs, mean this trend is set to continue, with global investment on track to grow to up to $8 billion by 2018." - Accenture, The Rise of FinTech, © June 2014
“We sustain the extensive adoption of the IdentityMind Global platform in Europe and beyond,” says Mircea Mihaescu, Managing Partner at SBT Venture Capital. “Our excitement lies in their unique and effective approach to applying consumer identification in the analysis of e-commerce transactions to prevent and uncover fraud, regulatory violations, and money laundering. IdentityMind is in an optimal position to address these challenges using their innovative Electronic DNA (eDNA™) technology.”
“We have made commitments to our largest clients to support their international operations, and will leverage the investment and strength of SBT Venture Capital to execute on these commitments by reaching further into Europe.” Said Garrett Gafke, CEO and President of IdentityMind Global. “SBT Venture Capital is a key player in the FinTech investment community, and we trust them to help us grow and become self-sustainable at a very fast pace.”
IdentityMind’s Risk Management Platform currently supports customers worldwide, with an identity database covering all continents. IdentityMind Global complies with all EU privacy laws and is Safe Harbor certified.
About SBT Venture Capital
SBT Venture Capital manages a FinTech fund investing in the most promising start-ups of the financial industry worldwide. SBT VC brings together considerable experience in the banking industry, an incredible network of financial services companies and related technology vendors, and one of the biggest banks on the planet as primary partner. SBT VC focuses on early-stage growth companies who already generate revenue, but are in need of capital and the right network to reach scale.
For more information, please visit http://www.sbt-vc.com
About IdentityMind Global
IdentityMind Global™ offers an identity-based platform for safer ecommerce. Our on-demand platform provides risk management, anti-fraud, and anti-money laundering services for online merchants, acquiring banks, payment processors, gateways, payment service providers (PSP/ISO/MSP), digital currency exchanges, and financial institutions (banks, money service businesses (MSBs), money transmitters).
Using proprietary eDNA™ technology and an ecosystem of third party data providers, our platform builds sophisticated reputations used to evaluate real-time risk across the payments and e-commerce system.
©2015 IdentityMind Global. All rights reserved. IdentityMind, IdentityMind Platform, IdentityMind eDNA, IDMPay and the IdentityMind logo are trademarks or registered trademarks of IdentityMind Global, Inc. in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.
IdentityMind Global™ is privately held. For more information please refer to our website: http://www.identitymindglobal.com, or reach us at [email protected].
Geo Coelho, IdentityMind Global, http://www.identitymindglobal.com, +1 (650) 618-9989, [email protected]
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