SnapSwap - Digital Transformation Solutions for Financial Services and Businesses

Everest public launch, in partnership with Mastercard

27/8/2020

We are proud to announce the public launch of Everest, an online platform for business payments and expense management, in partnership with Mastercard.

Our relationship with Mastercard dates back to February 2018 when we were selected to join the Mastercard Start Path Program, their global FinTech accelerator. We were the first company from Luxembourg ever invited to join this cohort of later-stage fintech and tech startups coming from all over the world. At that time our primary product was Snaprove™, a digital onboarding solution allowing financial institutions and fintechs to verify a customers identity and perform KYC checks via a fully automated digital process online. This is how we started our cooperation with one of the leaders in the global payments industry.
In November 2018, SnapSwap was invited by Mastercard to start the process of becoming a principal partner of Mastercard network, an issuer of Mastercard cards. We joined the Mastercard network as a principal member in September 2019. As one of a few principal partners of Mastercard in Luxembourg, SnapSwap is able to develop highly innovative payment products via direct integration with one of the largest payment networks in the world for issuing cards and processing card payments.

Our partnership today advances to the next level, as we are launching a new service called Everest. This ongoing cooperation with Mastercard is important on several fronts and represents a long-term commitment on both sides. Mastercard brings a wealth of knowledge and experience to the project as it has a deep understanding and expertise of the global payments industry and of consumer behaviors. We could also benefit from Mastercard technology to help us create a powerful platform helping businesses enhance their efficiency by saving time and achieving a higher degree of flexibility and control over payment flows.

“We’re really proud to partner with SnapSwap for the Everest project and pleased that they are the first fintech in the Benelux to launch a platform dedicated for SMEs.”, says Henri Dewaerheijd, Country Manager Mastercard Belux. “Our partnership with SnapSwap dates back to 2018 when the company joined our global FinTech accelerator called Mastercard StartPath, hence confirming our strategy of working together with fintech partners from their inception to help them scale and grow.”

Our market-proven digital onboarding and KYC solution Snaprove™ allows an efficient and compliant process for registering Everest corporate customers online. The partnership with Mastercard regarding Snaprove™ is ongoing as the company offers the solution to its extensive global network of clients.

Please find more details in our joint with Mastercard press release here.

SNAPSWAP INVITED TO MARKET4EUROPE CONFERENCE: HOW TO UNLOCK CAPITAL MARKETS

25/2/2020

On 25 February, SnapSwap CEO and founder Denis Kiselev was invited to take part to the panel discussion at Market4Europe conference in Luxembourg, which was about European wide collaborative sector campaign aiming at proposing game-changing solutions to develop truly integrated EU financial markets as part of the 2019-2024 agenda. The topic of the conference was Unlocking Capital Markets: an opportunity for growth.

The discussions focused on how to deal with the gap between financing needs that companies experience during their lifecycle and financing solutions that are available. The panel also covered subjects related to traditional financing needs meeting novel financing solutions. It also highlighted the gaps between financing needs of a start-up and the bank-based financing offered and how digital can be a solution for financing corporates’ needs. Denis Kiselev shared his thoughts on how start-ups could respond to the needs of the companies in bridging the gap and how this intermediation role is built.

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SNAPSWAP CEO DENIS KISELEV ON STAGE AT STARTUP APERO IN LUXEMBOURG

11/2/2020

On February 11th, Denis Kiselev, founder and CEO of SnapSwap and creator of Everest took the stage to share his inspiring journey from Silicon Valley to Luxembourg at Startup Apéro, a popular event dedicated to entrepreneurs and startups. Denis shared his thoughts on the local tech ecosystem and gave some tips to the entrepreneurs’ community.

Denis started his career in financial services at the World Bank and then continued for 20 years in various management positions before founding his fintech start-up company. He moved from San Francisco to Luxembourg to establish SnapSwap's international headquarters. He decided to share his personal experience to help entrepreneurs get started.

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SNAPSWAP PRESENTS DIGITAL CUSTOMER ONBOARDING AT MASTERCARD CUSTOMER ISSUING FORUM

25/10/2019

SnapSwap CEO Denis Kiselev speaks at Mastercard Customer Issuing Forum 2019 in London on October 23. The event theme is “The Power of Purpose” and focuses on how to embody purpose within businesses and highlights how successful companies have put the “why” at the heart of their activity.

SnapSwap presents Snaprove™ customer onboarding solution to more than 120 key players from the banking sector in the United Kingdom and from Ireland and to numerous Mastercard team members, including the Head of Payments and the Chief Experience Officer. Denis Kiselev explains how Snaprove digital onboarding facilitates and streamlines the onboarding process while improving the overall user experience in full compliance with AML/KYC regulations.

SNAPSWAP PRESENTS ITS DIGITAL ONBOARDING SOLUTION FOR BANKIA AT FINTECH PARTNERS DAY

25/6/2019

SnapSwap presents a model solution for digital customer onboarding for Bankia allowing for opening new bank accounts in a mobile application via fully automated process. The solution was developed under Bankia Fintech, the largest open innovation project in Spain promoted by Bankia and managed by Innsomnia. The Demo Day takes place on June 25th in the headquarters of Bankia. SnapSwap and other participating startups pitch in front of the top management of Bankia, including members of the administration council and the CEO of the bank, José Ignacio Goirigolzarri.

The program focuses on the incubation and acceleration of financial technology service projects. Since the launch of the accelerator program, 194 startups have applied and 30 projects were selected by Innsomnia.

Bankia is the fourth largest bank in Spain, consolidating the operations of seven regional savings banks. Bankia provides banking, insurance, investment and asset management services for individuals and businesses on both, domestic and international markets.

Born in 2016, Insomnia is the first incubator and start-up accelerator in Spain. Innsomnia is business digitizer that works in five major fields: fintech, insurtech, industry 4.0, navy and agriculture. Innsomnia aims to connect start-ups and companies in a short period of time, and allowed many start-ups to become technology-based SME in a few years only.

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SNAPSWAP PRESENTS DIGITAL ONBOARdiNG SNAPROVE AT MASTERCARD START PATH SUMMIT

27/11/2018

SnapSwap presents its digital onboarding solution Snaprove ™ to customers and partners of Mastercard at the Start Path Summit in Miami. More than 300 customers and partners of Mastercard are attending the event, including C-level executives in banks, e-commerce and in the tech industry. SnapSwap CEO Denis Kiselev speaks at the opening panel on Digital Enablement in financial services. SnapSwap will bring its expertise during the panel session regarding customer onboarding and how Snaprove facilitates the onboarding process while improving the overall user experience in full compliance with AML/KYC regulations.

Start Path Program is a Mastercard program with the purpose of working with later-stage startups from around the world, and help companies to gain access to Mastercard’s global ecosystem and to break new markets through Mastercard’s relationships.

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SNAPSWAP PRESENTS SNAPROVE AT ALFI LEADING EDGE CONFERENCE

2/11/2018

CEO of SnapSwap Denis Kiselev is invited as guest speaker to the panel AML/KYC landscape 2018 and beyond – is technology changing the approach to KYC/AML/KYD”. The panel raises questions about how technology transforms KYC/AML/KYD approaches in the fund industry and how it drives efficiency. Denis shares insights about innovation in the KYC/AML landscape and explains how digital customer onboarding can benefit the fund industry especially regarding fund account openings.

The conference Technology: how to use the accelerating advances in Fund TA & Distribution Operations, organized by ALFI in partnership with the LHoFT, gives numerous in-depth sessions and workshops about the latest digital trends. It targets fund business specialists and aims to discuss topics to find sustainable solutions to central issues concerning the future of the Luxembourg investment fund industry.

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SNAPSWAP PRESENTS SNAPROVE AT MASTERCARD INNOVATION FORUM 2018

24/9/2018

SnapSwap CEO Denis Kiselev speaks at Mastercard Innovation Forum 2018 in Lisbon on September 25. The event theme is “Powering you in the digital economy”. SnapSwap presents Snaprove™ customer onboarding solution to key players from e-commerce, banking and payments on the European market. We share insights about how to streamline the process of customer onboarding, improve the user experience while reducing fraud and customer-related risks with a fully automated end-to-end solution.

The Innovation Forum is one of the recurring MasterCard events around the globe that bring together partners and thought leaders to exchange ideas, share challenges, and discuss best practices in the payments industry. Industry experts share their vision on how to meet the challenges of the digital economy.

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SNAPSWAP PRESENTS DIGITAL KYC AT MASTERCARD/FORBES CYBER SECURITY SUMMIT IN MEXICO

17/8/2018

SnapSwap CEO Denis Kiselev presents digital KYC solution to major banks and other financial institutions from Latin America at Cyber Security Summit in Mexico on 21 August 2018. Cyber Security Summit is an annual event organized by Mastercard, in partnership with Forbes Mexico for key executives, influencers and decision makers from the financial industry of the LATAM region. This second edition is focused around subjects of safety and security in the world of payments. International experts and speakers are joining the summit to discuss new security challenges and the best practices to handle them.

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SNAPSWAP PRESENTS SNAPROVE DIGITAL ONBOARDING AT ING FINTECH VILLAGE 2018 DEMO DAY

25/6/2018

As one of the finalists of ING FinTech Village startup accelerator, SnapSwap pitches in front of ING teams and directors to present Snaprove™, its customer onboarding solution. After 16-week of intensive mentoring classes and preparation, SnapSwap built a Proof of Concept (POC) to test its product in a real banking environment. The product aims to solve business challenges ING is currently facing, and shows the growing commitment of the bank to be involved into innovative projects with FinTech startups.

SnapSwap's selection shows once again the traction of its digital customer onboarding solution in the financial market, and further consolidates its position on the Belgium market as an online identity verification service provider.

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