The Hamburg-based technology start-up Nect won Wednesday (September 4, 2019) the Auxmoney Start-up Pitches at the 2019 Handelsblatt Banking Summit. The company beat 23 other start-ups in the fintech, insurance technology and legal technology sectors for the prize.
Nect’s app simplifies identification among contract partners. Benny Bennet Jürgens, co-founder, said: “We rely in particular on artificial intelligence for checking identity and not on call centre staff.” The customer takes a short video of themselves and their ID card. “The difference between photo and video is important because all evidence of security is captured in only one video,” he added. The data is processed automatically and the entire process takes the customer only between 40 seconds and two minutes. The service provided by the Hamburg-based startup is by now well known in the insurance sector, Jürgens said. “We hope to gain banks as customers in future and to increase our workforce from 18 to 50 employees,” said Jürgens: “We have launched the app successfully on the market, we have proven ourselves as a company and we want to grow now.” The banking summit offered a great opportunity for making new contacts.
Other winners of the bank summit
Other winners at the summit included Tomorrow, which topped the “Digital Retail Banking” category in co-operation with Solaris bank. Tomorrow helps its clients to invest in sustainable projects such as micro-financing funds. The bank in collaboration with Daimler won the “Digital Corporate Banking” category after creating a payment solution for transactions between objects based on blockchain technology.