Cybertonica wins the Best New Back Office Innovation Award at Emerging Payments Awards 2017
9 October 2017
Global leaders and innovators attended the Emerging Payments Awards, a black-tie event held at the London Hilton on Park Lane on October 5th. Hosted by the Emerging Payments Association, these awards recognise and celebrate the best the payments industry has to offer.
Joshua Bower-Saul, CEO of Cybertonica, quoted in the press room directly after leaving the stage said:
“This award is a real vindication for a team that has built a world-class machine learning and AI technology in just under three years. In addition, one of the strongest assets of Cybertonica is its multi-cultural and diverse talent pool from 7 countries as well as its agility in entering both new markets and disrupting old ones through creative alliances and partnerships. We are proud to be one of the first start-up members in the scale-up program at the Emerging Payments Association and also to have recently been selected as one of the European FinTech 100 companies. More power to the team and to our CTO Sergey Velts and our dev team around the UK and Europe. And a big thank you to our clients and partners.”
“We are delighted to win the Best New Back Office Innovation Award with our innovative approach to building an AI fraud and transaction risk management platform for banks and payment companies. Cybertonica changes the way customers experience payments. It also creates a sophisticated defence against fraud and other risks for e/m-commerce, banking and transaction environments in a compliant and impactful way. We are fundamentally here to make businesses understand and value their customers better, including by respecting their data privacy. We have built this technology in a very capital efficient way and compete with others who have spent tens of millions more trying to build similar systems. Specialists and clients tell us that none are as flexible and effective as ours while we are offering features that even major players do not provide.”
Emerging Payments Awards 2017 rewarded PayTech and FinTech innovators in 20 different categories. AmazonPay, Apple and the Post Office were among the big winners at the awards.
“Every year the quality of entrants to the Emerging Payments Awards goes from strength to strength. Now in our tenth year and one of the annual highlights of the FinTech calendar, we’re thrilled to see so much innovation from the UK and further afield as FinTech continues to push into the mainstream, making a real difference to consumers’ lives around the world.”