Fintech collaboration platform B-Hive announced on Wednesday the launch of its new cybersecurity program, Trusted Fintech. According to B-Hive, Trusted Fintech was created to help startups and scale-ups embed cyber awareness into their core values. The program also 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, delivered by cybersecurity members of the B-Hive community.
B-Hive also revealed that the program includes five core modules that focus on three different dimensions – people, process and technology.
“The main goals of the Trusted Fintech Program are to encourage startups to look at security from day one, embed it in their startup DNA and create a collective responsibility in their rapidly-growing organizations. Upon successful completion of the program they will receive the ‘Trusted Fintech’ label, showing to their partners and customers that they take cybersecurity seriously.”
While sharing more details, Patrick Coomans, CyberHive and TrustedFintech Program Manager, stated that the program leverages know-how and technical capabilities of one part of our ecosystem to benefit the other part for the greater good of increased levels of trust in Financial Services, bottom line making it easier for the B-Hive community to do business. B-Hive CyberSecurity members who contributed to the program are Bitsensor, Cranium, Digitribe, ICT Control, iGuards, Intigriti, NVISO, Onegini, Secure Code Warrior and Sweepatic. Fabian Vandenreydt, Executive Chairman of B-Hive, then added:
“There is a strong demand from our startup and scaleup community for specific services that shorten the sales cycle with financial service clients. The TrustedFintech initiative will contribute greatly to accelerate the due diligence and procurement process. This will benefit financial services institutions and fintechs alike.”