Cybertonica wins the Best DATA Analytics & Science Award at The Merchant Payments Ecosystem 2018 Awards

22 February 2018
Press Release

Joshua Bower-Saul accepts MPE award

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Global payments innovators and the leading merchants got together at the glittering Merchant Payments Ecosystem 2018 Awards (MPE Awards) Gala Dinner attended by 1000+ MPE 2018 conference participants on 21st February in Berlin. Cybertonica, the leading international AI fraud management company, won the Best DATA Analytics & Science Award at the ceremony.

Cybertonica received the honour in recognition of its thriving AI fraud management technology that is committed to grow e/m-commerce businesses and build their customers’ trust. The Company aims to make all online payments to be as frictionless as possible, removing false declines and augmenting transactions without secondary authentication.

Selected by the panel of independent expert judges, the Best DATA Analytics & Science Award goes to the provider for best data management and infrastructure, best use of data in a merchant payment product or service delivery and best advanced analytics & data science. The award recognised Cybertonica as the organisation which has shown how data can be turned into actionable information (insight) for the customer. Cybertonica was shortlisted alongside with Feedzai (raised more than $75M) and Yoyo Wallet (raised more than $30M) in this category.

Part of the 11th annual MPE conference and exhibition connecting merchants with acquirers, payment service providers, payment processors, schemes, regulators, gateways, POS HW/SW solution providers and innovative FinTechs, the MPE 2018 Awards celebrate and honour the achievements of companies across European merchant payments ecosystem.

From left to right: Cybertonica’s NED David Parker, CEO Joshua Bower-Saul and CPO Olaf Hofmann 

Joshua Bower-Saul, CEO of Cybertonica, quoted after the event said:

“We are proud to win the Best DATA Analytics & Science Award at the MPE Awards, especially on a shortlist that includes a competitor of global rank. This is a tribute to our team across the EU and UK and to our CTO, Sergey Velts, after 3 years of work on the platform and the coding that gives us unique offerings in AI applications. We are going to bring to market new offers again in 2018 assessing risk and ensuring security for transaction and eCommerce systems that enhance trust and customer experience. The award is a great motivation to persist in constant improved service to our growing customer base.”

The Chief Commercial Officer of Cybertonica, Alan Nagle, also commented:

“We are honoured to be recognised at the MPE Awards in Berlin. What makes the feat even better is that we were shortlisted with high growth companies worth $570 million, and by winning the Best DATA Analytics & Science Award we showed our determination to succeed in this market. Our teams in London and Bratislava are constantly working on improving our AI fraud technology to serve our customers’ needs better. We have recently secured 3 very significant contracts and been growing our team. With the recent appointment of a Chief Product Officer, we aim to deepen our offer in Transaction Systems Security and Anti-Fraud.”

MPE Awards 2018 rewarded the best payment companies in 14 different categories, including MPE Influencer of the Year Award determined via public online voting.

About Cybertonica:

Cybertonica uses Machine Learning and Artificial Intelligence to reduce basket drop-off and increase conversion for all channels of e-payments and transaction platforms. The Company provides frictionless on-boarding, checkout and secure payments processing for e-commerce and digital banking. Cybertonica’s service increases conversion and sales by up to 25% while managing card-not-present and other categories of fraud at world-class compliant standards.

The Company won the Best DATA Analytics & Science Award at the Merchant Payments Ecosystem 2018 Awards, was named as the Best New Back Office Innovation at the Emerging Payments Awards 2017, selected as one of the European FinTech 100 companies, and identified among the 2017 top cybersecurity AI companies by CB Insights.

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