FinTech platform B-Hive has launched a cybersecurity platform to help startups to embed cyber awareness into their core values.
Trusted Fintech will provide a five-module program, which aims to increase the cybersecurity resilience and compliance of FinTech startups and scale-ups.
It aims to increase the trust within the general public in the FinTech market space by improving the companies’ skills and processes and offering them practical insights and innovative technologies.
The program includes five core modules that focus on three different dimensions – people, process and technology. Trusted FinTech aims encourage start-ups to look at security from day one, embed it in their start-up DNA and create a collective responsibility in their rapidly-growing organizations according to the company.
Upon successful completion of the program, they will receive the “Trusted Fintech” label, showing to their partners and customers that they take cybersecurity seriously.
Jan Nys, general manager information risk and infrastructure architecture of KBC Group, said: “The result of Digital transformation and Open Banking is that our risk landscape is more and more including external solutions that we don’t operate and protect ourselves. We see that with smaller start-ups and scale-ups there is often a gap between their notion of cyber-security and the level of protection we require them to have.
“That is why we are so supportive of the B-Hive Trusted Fintech program, as it really aims to immerse the staff of those companies, from the developers to the founders, in the world of Information Protection. Organisations joining this program give us an important signal of how much they value the safeguarding of information, ultimately protecting brand and reputation.”
B-Hive is a European collaborative FinTech platform that brings together banks, insurers and market infrastructure players. Together, they work on common innovation programs and build bridges between their corporate partners and startup and scaleup community members.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
