Varam Capital Selects SayPay Voice Biometrics
Varam Capital, a provider of micro-finance inclusion solutions in India, has selected SayPay as their trusted partner to deliver advanced authentication solutions to their 60,000 clients. Varam supplies loans, savings and other financial services to those who may not otherwise qualify. A loan of a few thousand rupees may make a huge difference in their lives, giving them the ability to purchase livestock or equipment for a small farm, a sewing machine to make clothing, or stock for a local store. Now, all of Varam’s clients can settle loans and make payments using the simplicity and security of SayPay’s voice solutions. This reduces risk, improves accountability, and eliminates financial disputes from ever occurring. Varam’s move from cash to electronic payments needed a means for simple yet secure authentication. Varam clients now speak a one-time SayPay ‘voice token’ into their agent’s phone as proof of loan funding and payment acceptance. See the press release.
SayPay wins UBS Accelerator in Singapore
In December, SayPay was honored as a global finalist in the UBS Future of Finance Challenge in Zurich, Switzerland, following SayPay’s November regional win in Singapore. The fierce competition included only the top 12 contenders out of the 620 companies from 52 countries who applied. The team was up against technology companies in crypto currency, artificial intelligence, brokerage customer psycho-analytics, and other biometric solutions based upon individual wrist vein pattern identification and multi-modal behavioral patterns. While not placing among the top three winners, SayPay was honored as one of only 5 finalists invited to a UBS Accelerator where UBS provides resources and funding for product enhancement. The program runs January – April 2016 out of UBS’ Singapore technology lab. Watch the pitch.
Next Bank Fintech Finals in Hong Kong Picks SayPay
The 2016 Fintech Finals is billed the premier fintech startup competition in Asia. SayPay has been accepted to the event in Hong Kong on January 25-26, 2016 where 40 fintech startups exhibit in the Startup Village, and a select 24 fintech startups present and demo in an 8-minute pitch to the industry’s brightest panel of bankers, techies, entrepreneurs, and VCs. Speakers at the event include global experts in banking disruption, innovation & entrepreneurship. The two-day conference includes six side summits that offer a deeper dive into the Future of Wealth, Financial Inclusion, Blockchain, Disrupting Retail. P2P Lending, and China eCommerce Innovation Cases. We look forward to seeing you there.
SayPay Selected as SXSW Accelerator Finalist
SayPay Technologies, Inc. was selected as a finalist in for the eighth annual SXSW Accelerator competition to be held March 12 through March 13, 2016 at the Austin Hilton. The accelerator is the marquee event of SXSW Interactive Festival’s Startup Village, where leading startups from around the world showcase some of the most impressive new tech innovations to a panel of hand-picked judges and a live audience. Out of the more than 470 companies who applied to present at SXSW Accelerator, SayPay was selected as one of 8 companies in the Payment and Fintech Technologies category. SayPay will be unveiling updates to its patent-pending biometric “voice token” technology and its new SayPay Voice Banking product.