Israel-based financial service provider Isracard has announced the winners of the first Isracard prooVday, a proof-of-concept competition that ran on the prooV platform, the company said.
prooV´s unique platform provides an all-encompassing PoC ecosystem that facilitates the discovery and testing of software solutions for problems plaguing enterprises. Using the platform, enterprises can run multiple PoCs simultaneously on dedicated testing environments that simulate the production environments of the enterprises.
Isracard initially joined prooV in May 2016, opening a single PoC opportunity. This partnership rapidly flourished into a strong collaboration, yielding many more PoC opportunities as Isracard learned the simplicity of the platform and recognized the value it brought to its innovation and coopetition efforts.
In September 2016 Isracard officially launched Isracard prooVday — a competition consisting of 12 PoCs in categories ranging from e-commerce to geo-based analytics.
Of the 200 startups that applied to participate in the competition, 40 were selected and given access to dedicated cloud-based testing environments generated by prooV. In order to accurately simulate Isracard´s internal environments, prooV created over 20 APIs and databases based on datasets and internal logic provided by Isracard.
Seegnature, which allows consumer-facing enterprises to verify and facilitate clients´ digital signatures in real-time, took home first place and a cash prize of NIS100,000.
Rewire, which facilitates digital money transfers, took second place, while EZSave, a startup that renegotiates utility bills for lower prices, came in third.
prooV is a Pilot-as-a-Service platform that brings global enterprises and independent software vendors together to discover, connect and execute Proof-of-Concepts (PoCs) through remote and secure testing environments. Founded in 2015, it has offices in San Francisco, New York and Tel Aviv, and is backed by Mangrove Capital Partners and OurCrowd.
Isracard provides credit payment services to business owners, bank branches, and merchants. The company offers banking products, such as cash withdrawal cards and credit agreements for banks. It was founded in 1975 and is based in Tel-Aviv, Israel. Isracard Ltd. operates as a subsidiary of The Isracard Group.