The Florin Awards
were created in 2010 to stimulate innovation in the transaction services industry by providing the nominees and the winners with substantial benefits to assist the promotion of their innovative products. The Florin Awards 2017 are brought to you by European Payment Summit and The Paypers.
The Florin Awards Europe 2017 – Best Secure Transaction Solutions
Security has become top priority in the transaction space. We actually are in a constant battle to ‘smart-out’ elements in society who focus on taking advantage of weak spots in our infrastructure. In order to prevent fraud and raise security levels, a lot of energy and innovation is needed to secure a trustworthy and reliable (payment)infrastructure and still secure a customer friendly and simple way of operations.
Announcing Our Winners! Congratulations!
On behalf of the Florin Award Jury, chair Charmaine Oak (Practice Lead, Digital Money) announced both the Jury Vote and Public Vote to the following winners:
ThreatMetrix – the winner of the Florin Award in the category “Architecture for Secure Transactions”.
ThreatMetrix eCommerce protection provides real-time fraud prevention tools to online merchants worldwide, while also offering the potential for a less-intrusive consumer experience. The jury was impressed with the innovation demonstrated by the ThreatMetrix Digital Identity Network, claimed to be the world first Digital Identity Graph. This maps associations between people and their devices, locations, account credentials and behaviour. Such a mapping of anonymized user identities could play a key role in fighting cybercrime while also respecting consumer privacy. The strong European orientation is helpful for the roll-out of PSD2. Their Cybercrime Threat map provides a live stream of fraud attempts that was also something the jury found credit-worthy.
Irdeto – the winner of the Florin Award in the category “Omni-channel Payments Security“.
The jury was impressed by the way that Irdeto has transformed itself over the years with the visionary leadership of founder Pieter den Tooner who established the company back in 1969. Today the company continues to play an important role in Europe while boasting a client base that includes customers worldwide. The jury especially valued the breadth of security solutions that spanned multiple industries including media & entertainment, automotive and payments. Their solutions in the area of cloakware and whitebox cryptography have a key role to play thanks to the importance of protecting Open APIs and the critical need for security across multiple devices.
From left to right: Joris den Bruinen (Deputy Director of The Hague Security Delta), Maurik Hellebrekers (Director of Business Development, Payments & Banking, EMEA – Irdeto), Stephen Topliss (VP Product Strategy, ThreatMetrix), Charmaine Oak (Co-Founder, Digital Money, Shift Thought)
EclecticIQ is an applied cyber threat intelligence (CTI) technology provider, enabling enterprise security programs and governments to mature a CTI practice. EclecticIQ Platform is a Threat Intelligence Platform that enables operationalization of security information exchange, empowers collaborative analyst workflow and ensures timely integration of intelligence detection, prevention and response capabilities. EclecticIQ’s analyst-centric Threat Intelligence Platform, EclecticIQ Platform, boosts effectiveness of Threat Intelligence practices and intelligence-driven SOC and CERT operations. The company won EU IPACSO’s Cyber Security Award, and Deloitte’s Technology FAST50 Rising Star Award for “Most Disruptive Innovator”. www.eclecticiq.com
Risk management and due diligence have traditionally been some of the most complex and time-consuming necessities for merchant acquirers or payment facilitators. As a result, companies either relied on lack-lustre investigations, which left them vulnerable to law suits and reputation loss, or over-zealous underwriting procedures, which significantly slowed down on-boarding and impeded growth. With the Web Shield Due Diligence Suite, we are establishing a holistic risk-based underwriting and monitoring platform that satisfies all requirements: It affords deep, comprehensive and tailor-made merchant investigations while still delivering false positive free results in the shortest possible time and affords long-term compliance through adaptable monitoring. www.webshieldltd.com
Revolutionary technology, and sheer scale of operations, provides unique insight into authenticating genuine customers in real-time. Digital Identity Intelligence is based on global shared intelligence from tens of millions of daily transactions. We map billions of data points to establish anonymised digital identities across the internet. Merchants can effectively crowd-source information on the risk of a transaction, in a completely anonymized way. Powerful analytics recognise customers by the ever-changing associations between people their devices, locations, account credentials and behaviour – seeing through increasingly sophisticated spoofing tools and bots used by fraudsters. It’s all completely invisible to the user, reducing customer abandonment rates. www.threatmetrix.com