The team demonstrated what we can do
Our CEO, Ben Kessler, successfully hosted a KABN Systems North America Product Showcase and I would like to share some notes. Please watch here!
My personal favorite highlights:
“we didn’t reinvent the wheel, we just added better tires…”
David Lucatch, co-Founder and President.
“we provide an Integrated Suite of solutions…”
RJ Reiser, Chief Business Dev Officer.
How do we know it was a success?
- We had over one hundred participants over the two days
- Users spent an average of fifty minutes in these presentations
- Our senior management fielded more than thirty hard-hitting audience questions over the duration of the Showcase
- This Showcase highlighted our excitement for our Liquid Avatar by demonstrating features KABN will be introducing in the future.
And the update on KABN ID
- KABN is innovating and changing the structure in digital identity (DID).
- Management and control of online identity is increasing in importance every day.
- KABN ID is a direct comparison to the following AIS (see below).
- This gives huge credence to KABN ID, a sense of market affirmation of this process. We are all running a marathon together. And we want to push away the cheaters and scammers, by running faster.
1.) SHIFT4 (ticker:FOUR.nyse) went public in June and surged on debut, gaining 46%.
As a backgrounder, SHIFT4 (ticker FOUR:NYSE):
From the IPO Prospectus:
“The world will emerge from this crisis and, while many of us are excited to return to our social routines, some things will undoubtedly be different. As always, Shift4 Payments will be there to help solve those new and complex problems. That may include new methods for takeout and tableside ordering, as well as innovations with contactless payments.”
2.) Netflix is a proxy for online presence expansion.
•An important quote from their Second Quarter earnings report just released is, “we saw significant pull-forward of our underlying adoption leading to huge growth”
•Netflix went from 12 million users in Q2 last year (2019) to 26 million meaning a 2.2x growth in a year
•Netflix operating margin increased from 14% in q2/19 to 22.1% in q2/19
•So, there’s massive profit in data they have attained on consumer behaviour
Source: Netflixinvestor.com; Thomas Kennedy
Online presence is expanding and the associated data that is out there is in need of protection but also of value so companies can figure out what you want.
To the extent you cannot leave your house and must head online, KABN is your safe wallet and keys, and you can safely enjoy all your activities like you used to.
3.) We’re seeing conflicting data with regards to online identity.
The world has changed. We are seeing surges in data usage.
I will propose that the following graph demonstrates an incongruity between the user data we anecdotally understand and this actual data on gateway transactions.
There is no question that retail individuals are using more data, and in our reports we will begin to demonstrate the regression between data and online usage. Stay tuned.
We will also be proposing how the buy-to-lend market fits with our DID model. Buy to lend refers to a new iteration of credit, whereby you commit to a product but need to pay for it over a period of time. As an example, if you need a new washing machine, you can pay for it over a period of time — because we all know you’re going to keep your washing machine but companies understand you may not have the funds for the full purchase in a single shot.
The fluctuations in the following chart demonstrate the necessity of online identity. The usage cannot be lower. We are currently seeing data usage numbers that are being disguised, likely for reasons of pricing.
This significantly promotes our cutting-edge Liquid Avatar solution — www.liquidavatar.com.
4.) Visa Inc. (NYSE-V) introduced an Advanced Identity Score
“Advanced Identity Score combines Visa’s artificial intelligence and predictive machine learning capabilities with application and identity related data to generate a risk score for new account applications to help reduce fraud, prevent negative impact to brand loyalty and trust, and eliminate operational costs due to remediation.”
Source: Visa.com, 22 June 2020
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