Tech Innovators 2016: AimBrain

Using a patent-pending, context-based step-up authentication methodology, AimBrain is helping some of the world’s largest financial institutions know if their users are really who they say they are. Chief commercial officer, Peter Reynolds explains how the start-up plans to scale up|Using a patent-pending, context-based step-up authentication methodology, AimBrain is helping some of the world’s largest financial institutions know if their users are really who they say they are. Chief commercial officer, Peter Reynolds explains how the start-up plans to scale up

Using a patent-pending, context-based step-up authentication methodology, AimBrain is helping some of the world’s largest financial institutions know if their users are really who they say they are. Chief commercial officer, Peter Reynolds explains how the start-up plans to scale up

From the first round of Tech Invest four short years ago to now, 19 of the presenting companies have raised funding, two floated on AIM and two have been acquired. GrowthBusiness presents the top 13 Tech Innovators of the year.

AimBrain – a snapshot

AimBrain is a next-generation biometrics engineering company, which helps financial institutions authenticate their mobile banking users easily, securely, and accurately.

AimBrain delivers advanced biometrics technology to banks so they can stay ahead of mobile fraud through a secure and frictionless authentication experience. Supported by Episode1, a leading UK venture capitalist, AimBrain is largely recognised for their potential to revolutionalise the world of money and has been named as a 2016 FinTech50 finalist.

Based in: London

Founded in: 2015

No. of employees: 5

Presenting at Tech Invest: Peter Reynolds, CCO

Deeply rooted in the transaction banking and technology markets, Peter Reynolds, Founder of UK-based Mikumi Capital, is firmly focused on bringing high-tech companies to the financial services market. A flagship investment of the Mikumi portfolio is AimBrain, a multi-modality biometrics and authentication technology provider.

A founding investor in the firm, Reynolds works hands-on with AimBrain as their chief commercial officer. Prior to launching Mikumi, Reynolds was the managing director of EMEA sales for Fundtech where he grew revenue for the firm by 300 per cent. Reynolds has a demonstrated record of high growth in new, existing, and highly competitive markets for companies such as Reval, Thomson Financial, and HSBC.

At Reval, a global SaaS provider of treasury and risk management solutions, Reynolds led business development and client retention initiatives in Western EMEA. At Thomson, Reynolds was responsible for the corporate treasury sales division in the UK, Sub-Saharan Africa, and Nordic region.  Prior to his work at Thomson, Reynolds was part of the corporate trust and relationship management team at HSBC.

A diverse and well-respected thought-leader in the market, Reynolds holds a business law degree from the London Guildhall University.

Products

AimBrain’s Biometric Platform has behavioural, facial and voice authentication modules.

Recent technology

AimBrain uses a number of cutting edge machine learning methods, such as deep learning, to deliver world-class biometric authentication experience.

Recent milestones

  • Delivered Behavioral Authentication
  • Delivered Facial Authentication
  • Early funding from Episode 1 / invested in winning team
  • Key wins (including a T1 Bank in the UK)

Upcoming milestones

  • Voice recognition (in test)
  • More bank wins
  • Increased team
  • Series A Funding

Investors

  • Episode 1
  • Entrepreneur First

Contact details

Email: peter@aimbrain.com
Website: www.aimbrain.com

Praseeda Nair

Praseeda Nair

Praseeda was Editor for GrowthBusiness.co.uk from 2016 to 2018.

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