Israel cybersecurity tech helps NatWest catch online crooks

BioCatch, which tracks behavior to detect online fraud, says UK bank has successfully tried its tech with clients

BioCatch, a cybersecurity company that tracks behavior to catch cyber crooks, said UK’s NatWest bank has successfully tried its technology with clients.

NatWest, one of the largest banks in the UK, has deployed BioCatch technology since the beginning of the year within its private banking arm Coutts and for some of its business customers, successfully preventing online fraud and helping to protect its 14 million customers, BioCatch said in a statement.

NatWest and BioCatch plan to pilot the technology with the bank’s personal banking customers sometime in 2017.

BioCatch’s system captures more than 500 points of behavior such as hand-eye coordination, pressure, hand tremors, navigation, scrolling and other finger movements to create unique user profiles. This allows BioCatch to distinguish the normal behavior of an authorized user from that of an unauthorized user, as well as to recognize automated BOTs, RATS, malware and other malicious account takeover attacks, where the victim is typically unaware that the banking session has been hacked…

This article was originally published on the Times of Israel

Israeli Caja competes with Amazon’s robots

Caja Systems has made the startling realization that the public likes buying online and wants to make getting your items out of the warehouse even easier

The e-commerce market is continually growing. The bottleneck for companies is their logistics warehouses, which have trouble maintaining a large variety of products and meeting tight supply schedules. Israeli company Caja is taking advantage of the situation by offering a cloud-managed robot service capable of accomplishing real time optimization.

A short pitch: What does the company do?

A: Caja, a startup, turns any manual warehouse into an automated one in just a few hours.

A slightly more thorough explanation

A: Behind every delivery you order online is a warehouse with a limited inventory and times for picking out the item that are growing shorter by the year. Most warehouses, however, still operate according to the same principles as the physical retail sector: inflexible shelving, predetermined demand, and many orders for a single item. In a desperate effort to meet the demands and remain profitable, logistics companies are employing workers who walk an average of 18 kilometers during a shift, because the items are stored on shelves that are two meters high. The companies are setting targets of collecting an item every 30 seconds for 7.5 hours, while trying to optimize warehouse dimensions.

Caja is seeking to change the fundamental assumption of storage theory by completely adapting it to e-commerce. The company uses easy and elastic shelving that is variable at each point in time. Reliable robots are in action 24/7. An overall system on the cloud performs real time optimization. The brain of the system is based on 4D navigation, meaning that the robots do not move and respond according to sensors. They know in advance where on the warehouse map they should be at all times. When the time dimension was added, we achieved complete coordination between the robots, complete optimization of the warehouse, and the ability to supply goods in just a few minutes.

Q: How did you get the idea?

A: As software engineers and e-commerce website founders, we were very familiar with the manual warehouse problem. With the rapid growth in unknown demand, we realized that the weak link was on the logistics side, and decided to take up the challenge. We initially looked for automatic alternatives, but found solutions that were very expensive and solved only some of the critical problems. The more we looked, the more we understood the problems. We also saw an opportunity, and that’s how Caja (“box” in Spanish) was born…

This post originally appeared on GeekTime.


Zeek announces million pound investment as it debuts new TV ad campaign with the help of Guerillascope

Gift card marketplace, Zeek has launched its first through-the-line marketing campaign, with a seven figure investment in television, OOH, digital and PR.

The website and free app allows users to buy and sell physical and digital gift cards at a discount, and was named by Forbes as one of London’s most exciting start-ups of 2016.

The television ad debuts the characters ‘cat’ and ‘mouse’ – cat doesn’t like cheese but mouse is a cheese junkie – to show how users can both make and save money on unwanted vouchers and gift cards.

Airing from 23 November and running until January, spanning a channel mix that includes Channel 4, ITV 2, E4 and Dave, the campaign was devised by Antidote, with TV planning and buying conducted by Guerillascope.

It will be supplemented by VoD activity on All4 and ITV Hub, with additional outdoor and digital placements managed by Tomorrow TTH. Creative PR campaigns will be led by Tin Man.

The investment follows some key hires across the business with staff numbers doubling to over 40 and an expanded UK headquarters opening in the last six months. Jonathan Clark joins as marketing director from Blinkbox movies, whilst David Wall has been appointed as business development director, previously at InComm Europe and…

This post originally appeared on The Drum


Drippler Launches Chatbot To Provide 24/7 Mobile Tech Support

Drippler, the smart tech assistant app, has announced the launch of Drippler 3.0, which comes with a new tech support chatbot that helps users resolve technical issues on their smartphones.

Drippler’s new chat-based tech support service combines artificial intelligence with a “human-in-the-loop” system, supported by a community of experts who can answer consumer tech related questions on demand. In fact, Drippler’s “Tech Wizards” include thousands of experts, with a waitlist of more than 10,000.

“Drippler 3.0 answers a need in the market by providing an alternative to the outdated tech support call center model that many companies still employ,which wastes time and causes an unnecessary headache for consumers,” said Matan Talmi CEO of Drippler. “We designed Drippler to help people make better use of their smart and connected devices.”

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That awesome ATM for swapping leftover foreign currency goes after Chinese tourists

One of our favorite startups here at Tech in Asia is TravelersBox, which is an ATM-esque contraption at airports that helps you swap all that pesky leftover foreign currency into something useful, like Paypal or iTunes credit, or vouchers for GAP or Starbucks.

The TravelersBox machine is now going after China’s hordes of globe-trotting tourists, who numbered 120 million last year. The figure will be even bigger this year.

Holiday hotspots

In order to get this new audience, TravelersBox co-founder Tomer Zussman and his team have added in support for the mobile wallet created by Baidu, China’s top search engine. So people just feed their unwanted notes and coins into the machine and then they’re converted into Chinese yuan and zapped into their Baidu Wallet accounts…

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NFX Guild just introduced 13 buzzy young companies to investors

The young Bay Area accelerator NFX Guild hosted its third “demo day” yesterday at the Computer History Museum in Mountain View, and the attendees were a veritable who’s who of venture and angel investing.

It wasn’t necessarily a surprise that roughly 200 top investors were sitting elbow to elbow to see the presenting companies. NFX Guild prides itself on being different that most accelerators in numerous ways, including that there’s no publicly available application process; startups are instead referred to NFX “scouts,” who happen to mostly be VCs. The last class, which passed through the program earlier this year, saw referrals from 42 people; this class involved 68 scouts.

NFX was also founded by a trio of highly regarded entrepreneur-operators — James Currier, Stan Chudnovsky and Gigi Levy Weiss — who provide NFX companies with $120,000, along with 30 hours of programming, mentoring and investor introductions. NFX in turn gets 7 percent of their company. (If the company has already raised more than $750,000, NFX asks for 5 percent.)

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Israel’s WSC Sports nabs Intel investment for growth

WSC Sports Technologies, which has developed an automatic, real-time, customizable platform to create video for sports broadcasts said Thursday it has completed a $12 million Series B round of financing.

The round was led by Intel Capital, with other investors including the owners of the Minnesota Vikings and the LA Dodgers and equity crowdfunding platform iAngels.

Intel Capital’s director Uri Arazy will join the WSC Sports board. The investment brings the Ramat Gan-based startup’s total funding to $16 million and will help the company “significantly accelerate growth and international expansion,” WSC said in a statement.

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Act Kwik for refills on diapers, pizza and beer

You’re out of diapers and the baby has just … you know. Or your poodle has eaten all his kibble and is looking at you with those sad puppy-dog eyes. Or you’re short a six-pack of beer for the after-game blowout.

Help is just the click of a button away. Literally.

Israeli startup Kwik makes buttons to place on the changing table, next to the dog dish or on your fridge. Tap the button and it sends a message to your preferred supplier. Refills are on their way within the hour.

Physical buttons that make an electronic call for a re-order are not unique to Kwik. Amazon’s nearly identical Dash buttons have been gaining traction with 150 name brands including Tide, Kraft and Red Bull…

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WeissBeerger: Ushering A New Frontier In The Beverage Industry

In an interview with StartUs – Europe’s leading magazine for startups – Ori Fingerer, co-founder & VP Business Development at iAngels’ portfolio company WeissBeerger, shares his insights on the beverage industry & how the company’s analytics tool meet the needs of beverage manufacturers and customers:

Describe WeissBeerger in 50 words or less.

WeissBeerger is the leading Internet of Things & Big Data solution for breweries, soft drink manufacturers and bars. WeissBeerger’s unique mixture of hardware, software and data analysis is ushering in a new frontier in the beverage industry, defined by data-driven decision making and efficiency throughout the value chain.

How did you discover the need for your analytics tool? What problem are you solving?

We developed a unique solution to meet the needs of beverage manufacturers and their customers (bars, restaurants and other outlets). Beverage companies and outlets suffer from high inefficiencies and a total lack of information regarding consumption behavior and sales volume in the on-premise (the most vital part of their business, comprising approximately 400 billion US Dollars). The connected outlet is all about giving manufacturers REAL-TIME insight and understanding of the market in order to optimize pricing, improve operations, increase revenue and create a one-of-a-kind consumer experience…

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Seed CX Gains SEF Registration from CFTC

Exciting news for iAngels portfolio company Seed CX – the CFTC has now formally granted its approval to be a Swap Execution Facility (SEF).

In fact, Seed CX becomes the fastest applicant to ever receive full registration as a SEF in CFTC history!

To see the full article, click here