LONDON (Aug. 18, 2019) — The United Kingdom’s National Cyber Security Centre announced that it has accepted Trust Stamp into its Cyber Accelerator.
Launched in 2017, the nine-month accelerator program is a collaboration between the Government Communications Headquarters (GCHQ), the National Cyber Security Centre (NCSC), the Department for Digital, Culture, Media, and Sport (DCMS), and Telefónica’s Wayra UK.
Atlanta, Georgia-based Trust Stamp, is a financial technology (FinTech) company in the Advanced Technology Development Center’s ATDC Signature portfolio.
As an initiative under the United Kingdom’s National Cyber Security Strategy 2016-2021, the accelerator aims to ensure that the country is secure and resilient to cyber threats, as well as prosperous and confident in the digital world.
Participants are chosen through open competition using technical challenges written by technical leaders within the NCSC. The challenges identify areas of cybersecurity weakness where new products are needed.
Participants benefit from access to experts from the NCSC, GCHQ and a notable group of sponsors and partners, a financial grant, commercial growth opportunities and office facilities within the accelerator in Cheltenham, U.K. Participants also receive connections to the Telefónica investor network with prior graduates receiving more than £20m ($24.2 million) in funding.
Trust Stamp develops artificial intelligence solutions that create immutable, self-sovereign and tokenized identities while identifying synthetic identities and identity theft. Trust Stamp’s core design principles emphasize data security combined with innovative problem-solving technologies and proven impact.
Trust Stamp is among the first US-headquartered companies selected for the program from an impressive pool of global applicants and the company’s involvement is the latest in a series of public-private partnerships that have extended its international reach and impact.
“In early 2018 we entered the U.K. market in partnership with Propertymark to provide an anti-money laundering solution for estate agents, and we are enjoying growing adoption. We are thrilled to be selected for the accelerator as we are confident that working with the NCSC, GCHQ, and Wayra will both advance our technology and accelerate our U.K. growth,” said Gareth Genner, Trust Stamp’s CEO and co-founder, and a U.K. native.
“Our technology has been successful in facilitating secure data storage and sharing as well as tackling fraud in the United States and internationally. We look forward to leveraging that experience with the resources, broad access characteristics, and expertise of the NCSC, GCHQ, and Wayra.”