Southeast Asia also enjoys strong government backing for entrepreneurship, backed by a rising, affluent, middle class, said Scott Russell, president for Asia Pacific Japan at German software provider SAP, whose SAP.iO Foundry fund based in Singapore is in the process of accelerating seven early-stage startups. “We see innovative and ambitious startups developing across the region,” said Russell. “This is driving deal flow and overall interest from venture capitalists to invest.”
SAP dévoile les start-up retenues pour son incubateur. La troisième promotion met le vert à l’honneur. Retour sur ces huit start-up orientée greentech.
Artificial Intelligence start-up Niki is all set to diversify into seven other Indian languages after having tasted success in the Hindi language app-based internet commerce by creating a virtual agent for online voice-based transactions for consumers who are hassled by the barriers like using the keyboard in English or Indian languages.
Niki has already created a user base of 18 lakh consumers in Hindi language and the start up firm has reached an annual turnover of Rs 300 crore.
IIT Kharagpur alumnus and CEO of Niki Sachin Jaiswal told The Pioneer, “What we are trying to do is to unlock internet commerce for the next billion users in India by developing a virtual agent for them. In India, 95 per cent of the people don’t know how to use an app because most of the apps are in English language. Typing through keyboard in vernacular language is complicated and one should have a basic understanding of computer terminologies to process the instructions through the apps.”
Niki has developed a solution by developing apps in Indian languages that operate through voice-based commands to remove the sore points of the consumers.”
The Niki app will help the users for services like online recharge, bill payments of various utilities like power, phone or gas and also facilitate in booking travel tickets by just issuing commands through voice especially in Tier 2 and Tier 3 cities.
With ongoing financial transformation, increased regulations and growing complexity, there is huge potential in working with early-stage start-ups that help bring financial process innovation to SAP S/4HANA® customers. For this cohort, the SAP.iO Foundry Berlin Program teamed up with the S/4HANA® team to work with startups focused on GRC and FinTech innovations.
WHAT THEY DO
On average, losses due to unpaid invoices represent 0.3 to 1% of companies’ annual revenue. Collection processes often start too late leading to cash or P&L issues, that is why we designed our Predictive Risk Management solution (PRIM). PRIM is designed to anticipate payment issues and calculate various financial and risk indicators. It can also prioritize cash collection processes and propose specific actions. PRIM can be applied on any debt portfolio.
UNIQUE APPROACH
By using AI and applying a proprietary risk model on customers’ financial and operational data, PRIM first predicts whether an invoice will be paid and when. PRIM then segments the debt portfolio according to payment profiles and risk levels. With this combination, PRIM helps increase cash accuracy and understand the risk breakdown. It also helps identify events requiring immediate actions, concentrate efforts where required and ease the collection strategy decision process.
TEAM: Edouard Beauvois — Co-Founder, Nicolas Mertens — Co-Founder
HANKO: FIDO-based Identity- and Authentication-as-a-Service
WHAT THEY DO
Hanko offers a passwordless multi-factor identity and authentication Cloud service for convenient and secure user authentication, enabling its customers to eliminate fraud, phishing, and credential reuse while offering a cutting-edge UX.
UNIQUE APPROACH
With Hanko, businesses can quickly integrate the most advanced authentication methods into their web portals and applications. The service is developer-friendly, supporting open Web standards and open-source SDKs. They also offer a white-label authenticator app as an option. Hanko is GDPR and PSD2 compliant.
TEAM: Felix Magedanz — Founder & CEO, Felix Dubrownik — Technical Lead, Daniel Faulhaber — Product Manager
IRISTRACE: Transforming the management of Business Risk into Value
WHAT THEY DO
Iristrace enables enterprises to better manage their business risks using control frames for their operations that can easily be changed as processes evolve.
UNIQUE APPROACH
Business experts without IT knowledge can easily design and roll out their own controls across their organisation in a record time, ensuring that the strategy reaches the front-line employees, contractors, suppliers and partners. Controls and follow-up action plans are distributed via mobile application, web or messenger. They can be rule based and scheduled automatically, triggered by events or used in self-service. The benefits include a faster implementation of strategy, better staff and supplier engagement on the company’s objectives, improved compliance, proof of execution, shorter learning cycles, lower costs and a far superior customer experience as a result.
TEAM: André Kingham — Chairman, César Mariel Alberto — CEO
PXL VISION: The secure gateway to digital identity
WHAT THEY DO
PXL Vision provides leading solutions for the automation and enhancement of digital identity verification and customer onboarding through tailored and off-the-shelf software solutions powered by the latest developments in Computer Vision and Machine Learning.
UNIQUE APPROACH
PXL Vision’s identity verification solutions deliver both seamless UX and high security through proprietary methodologies, within a fully automated software platform. Offered as both SaaS and custom hosted or on-premise solutions, PXL’s powerful technology stack is available how and where you need it.
TEAM: Michael Born — Founder & CEO, Karim Nemr — Founder & CBO, Nevena Shamoska — Founder & CTO, Roxana Porada — Founder & CPO
SPHERITY: Bridging the physical, biological and digital spheres
WHAT THEY DO
Spherity is building decentralized identity management solutions to power the 4th industrial revolution, bringing secure identities (“Digital Twins”) to machines, algorithms, and other non- human entities. Digital twins enables transactions with the following features: verifiable digital identities, P2P trust with credential-based verification, verifiable business transactions & payments, verifiable data chains (audit trails) and data provenance.
UNIQUE APPROACH
Spherity is providing the “missing puzzle piece” in solving with blockchain technologies and “Self- Sovereign Identity” design principles the challenge of data integrity in the industrial IoT applications. Their digital twins enable tamper-proof data exchange within customer journeys across mobility, supply chain and other business processes.
TEAM: Carsten Stöcker — Founder & CEO, Michael Rüther — Founder & COO
TROY: Reinvents debt collection, reduces clients’ write-offs AND preserves their customers
WHAT THEY DO
Troy is a full-service debt collection agency that builds THE platform for customer experience in debt collection. Their platform drives troy’s debt collection services which have repeatedly proven to outclass traditional providers. Their solution can be used as white-label and also supports financial BPO of receivables management.
UNIQUE APPROACH
Troy is a digital, data-driven, automated and cloud-only solution which incorporates best practices from marketing and CRM to improve the debt collection experience. And the friendliness works. Customers pay more, faster, and happily — proven by clients’ feedback and customer surveys after payment.
TEAM: Philip Rürup — Founder & MD, Till Völzke — Founder & MD, Gunnar Zarncke — CTO
BigID, a leader in data-centric personal data discovery and privacy, announced a global reseller agreement with SAP. Through this agreement, SAP can sell two BigID powered products under the names SAP Privacy Management application by BigID and SAP Data Mapping and Protection application by BigID. The agreement will enable businesses that use SAP solutions to more readily meet the challenges of data-centric data discovery and privacy by harnessing BigID’s advanced Machine Learning-based discovery and intelligence technology.
BigID is one of the industry’s first data privacy and intelligence platforms that allows customers to rely on actual data discovered across the enterprise and cloud rather than surveys and interviews to ensure privacy compliance.
The Dutch brewing company HEINEKEN concluded its first-ever HR tech-focused competition called HEINEKEN HR Brewhouse last Friday.
The winner of the Recruitment category was SAP, a team consisting of platforms Eightfold.ai, Sonru, and Plum. The final winner for the Wild Card category was Pulsifi, a Singapore-based company that uses data analytics for HR management. Pulsifi’s platform combines organizational psychology and artificial intelligence to help companies hire, retain, and develop talents.
L’association des Utilisateurs SAP Francophones (USF) organise sa Convention annuelle les 9 et 10 octobre 2019 à la Cité des Congrès de Nantes sur le thème « L’IA, nouveau vecteur de la transformation des métiers ». Les sujets qui fâchent dans les relations entre SAP et ses clients n’ont pas été oubliés.
Last week, the Bits & Pretzels conference in Munich provided SAP.iO startups the opportunity to share, learn, and engage in a unique, Oktoberfest-themed format. Nicknamed “Europe’s biggest Founders Festival”, it featured an extensive showfloor and over seven stages for keynotes from world-renowned experts and innovators (including this year’s headliner President Barack Obama) spanning diverse industries and topics. On the third and final day, the event concluded with “liquid networking” and traditional celebrations in the Schottenhamel-Festhalle, the oldest beer tent at the Wiesn.
In total, we had 9 startups exhibiting: presize.ai, rapitag, Expivi, 8select, parcelLab, ViewAR, and Dotaki from the currentSAP.iO Foundry Munich cohort, and SAP.iO Foundry Berlin alumni Augmania, WeView, and ScanTrust. Beyond connecting with potential customers, investors, and fellow entrepreneurs, some of our startups were able to meet Roland Weigert, State Secretary for the Bavarian Ministry of Economic Affairs, Energy and Technology. Plus, Augmania founder & CEO Rania Reda took to the Impact Stage for the insightful panel session “WINNING: Success Stories from Female Founders.” With so many inspiring talks and interactive booths from startups and corporates, the conference was both overwhelmingly productive and fun for all of us.
We had an incredible experience, and are already looking forward to next year’s event. Visit our picture gallery for more SAP.iO highlights from Bits& Pretzels 2019!
The company noted that the proceeds of this round will be used to fund the acceleration of Flowcast’s go-to-market strategy, global market expansion especially in Singapore and the APAC region, and the continuing product development and improvement. Flowcast shares that it is also participating in the SAP.iO Foundry Singapore program, which aims to accelerate startups via providing them access to curated mentorship, exposure to SAP technology, and application programmable interfaces (APIs) with opportunities to collaborate with SAP customers in the Southeast Asian region.
Business-software maker SAP SE this month plans to start offering a partner company’s artificial-intelligence software to help customers comply with data-privacy regulations, including the sweeping California law that takes effect in January.
Hafez Zawiher, co-founder of UBCONNECT, an enterprise that manages contact information and digital business cards built on contact numbers, and was awarded the SAP.iO Award in conjunction with Rawabi Technology Center, “The clinic has helped us a lot in the legal field, Focus on the technological aspect and finish the product itself. “
SAP stepped up its presence in Austin, Texas for Austin Startup Week (#ASW19), the largest innovation event in the city after SXSW.
As title sponsor of the event, SAP reinforced its commitment to expand its innovation footprint in Austin. Together, with its customers and partners, SAP presented its brand promise to thousands of local startups, entrepreneurs, and community members.
Vanessa Liu, VP of SAP.iO Foundries North America, gave a spirited keynote speech on how the entrepreneur and tech communities can continue promoting women.
The SAP.iO Foundry Berlin kicked off a dedicated financial technology (fintech) program with participants consisting of business-to-business startups focused on finance and governance, risk and compliance (GRC), SAP SE (NYSE: SAP) said today.
With the growing complexity of regulatory laws impacting enterprises, startup solutions and innovations will help optimize enterprise resource planning processes and address customer needs. In a recent report by Deloitte, cost reduction and increased regulatory scrutiny were the main drivers of a significant increase in spending on enterprise risk management. With more than 56 percent of organizations using, or planning to use, cloud-based platforms, enterprises are looking for intelligent, real-time, actionable solutions to meet their improved efficiency goals.
The SAP.iO Foundry Berlin kicked off a dedicated financial technology (fintech) program with participants consisting of business-to-business startups focused on finance and governance, risk and compliance (GRC), SAP SE (NYSE: SAP) said today.
With the growing complexity of regulatory laws impacting enterprises, startup solutions and innovations will help optimize enterprise resource planning processes and address customer needs. In a recent report by Deloitte, cost reduction and increased regulatory scrutiny were the main drivers of a significant increase in spending on enterprise risk management. With more than 56 percent of organizations using, or planning to use, cloud-based platforms, enterprises are looking for intelligent, real-time, actionable solutions to meet their improved efficiency goals.
These startups are joining the SAP.iO Foundry Berlin program for Fall 2019:
