Oz Forensics, a Russian start-up developing a cutting-edge document management solution, has made it to the finale of the competition of this year’s edition of SLUSH Singapore, EWDN reported. The young company is a graduate of the GenerationS-2016 start-up accelerator run by RVC, Russia’s national fund of funds for innovation.
This top-tier international start-up competition is being held as part of the Singapore Week of Innovation & Technology (SWITCH 2017). Every year SLUSH Singapore brings together over 300 start-ups from Europe, the U.S., Southeast Asia, India, China, and Japan to showcase their projects to investors from the largest multinational corporations and mass media. The winners will be offered an opportunity to visit start-up capitals — San Francisco, Tokyo, Helsinki, Shanghai — and showcase their projects to the global venture community.
“Becoming SWITCH winners will help us attract customers from the banking sector and scale up the business. We are now planning to enter the Asia-Pacific market,” Oz Forensics COO and co-founder Svetlana Efimova said.
The Oz Forensics software determines the authenticity of digital documents and images, providing biometric identification and protection against digital fraud. This solution has already been used by a variety of organizations to check 5 million documents and images, saving the users some $500,000.
Earlier this year, the start-up won GenerationS-2016’s FinTech track award; it also won the international SWIFT Innotribe Challenge in St. Petersburg.
Four other GenerationS alumni presented their solutions at SWITCH 2017:
• LocalGuide, which presented its mobile tourist assistance service Palaround;
• Panda Money, a mobile application to teach children financial basics;
• NWTN, a brokerage platform for up-to-date analytics for individual investors;
• Synthes , which presented its Phoenix3D solution for powder metallurgy and additive machines.
Playkey, another Russian start-up which has developed a video game streaming service, was among SLUSH Singapore’s nine awarded companies.
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